{
  "url": "https://openlegislation.uk/income-tax-stock-lending-amendment-no-2-regulations-1995/regulation-3",
  "json_url": "https://openlegislation.uk/income-tax-stock-lending-amendment-no-2-regulations-1995/regulation-3.json",
  "legislation": "uksi/1995/3219",
  "legislation_title": "The Income Tax (Stock Lending) (Amendment No. 2) Regulations 1995",
  "legislation_url": "https://openlegislation.uk/income-tax-stock-lending-amendment-no-2-regulations-1995",
  "path": "regulation/3",
  "kind": "regulation",
  "number": "3",
  "heading": "Amendments to the principal Regulations",
  "text": "In regulation 2 (1)—\n(a) before the definition of “Board” there shall be inserted the following definitions—\n““approved agent” means a person who, at the time when the arrangement mentioned in subsection (1) is made, is approved as an agent by the Board for the purposes of these Regulations;\n“approved lender” means a person who, at the time when the arrangement mentioned in subsection (1) is made, is approved as a lender by the Board for the purposes of these Regulations;\n“approved nominee” means a person who, at the time when the arrangement mentioned in subsection (1) is made, is approved as a nominee by the Board for the purposes of these Regulations;\n“approved stock borrowing and lending intermediary” means a person who, at the time when the arrangement mentioned in subsection (1) is made—\n(a) is—\n(i) a member of the Stock Exchange, and\n(ii) a stock borrowing and lending intermediary within the rules of the Stock Exchange acting in that capacity in connection with the arrangement; and\n(b) is approved as a stock borrowing and lending intermediary by the Board for the purposes of these Regulations;”;\n(b) after the definition of “Board of directors” there shall be inserted the following definition—\n““first borrower” in relation to a chain of arrangements means the person referred to as A in the principal section;”;\n(c) for the definition of “gilt-edged securities” there shall be substituted the following definitions—\n““gilt-edged securities” has the meaning given by section 51A (7) of the Taxes Act 1988;\n“last lender” in relation to a chain of arrangements means the lender at the end of a chain of arrangements that commences with the arrangement between the persons referred to as A and B in the principal section;”;\n(d) in the definition of “section 271 (9)” for the words “Taxation of Chargeable Gains Act 1992” there shall be substituted the words “1992 Act”;\n(e) after the definition of “the Taxes Act 1988” there shall be inserted the following definition—\n““the 1992 Act” means the Taxation of Chargeable Gains Act 1992;”.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "Inserted by S.I. 1992/572."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Amended by S.I. 1990/2552."
    },
    {
      "type": "footnote",
      "label": "f3",
      "text": "Section 51A was inserted by section 77 of the Finance Act 1995."
    },
    {
      "type": "footnote",
      "label": "f4",
      "text": "Inserted by S.I. 1993/2003"
    },
    {
      "type": "footnote",
      "label": "f5",
      "text": "1992 c. 12."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1995/3219/regulation/3",
    "retrieved_at": "2026-10-29T12:55:59.127237+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}