# The Income Tax (Stock Lending) (Amendment No. 2) Regulations 1995, Regulation 8: Amendments to the principal Regulations


In regulation 6A—
(a) in paragraph (1) for sub-paragraphs (a) and (b) there shall be substituted—
“(a) the person referred to as A in the principal section is an approved borrower, or is both an approved borrower and an approved stock borrowing and lending intermediary;
(b) the person referred to as B in the principal section—
(i) is an approved stock borrowing and lending intermediary, or
(ii) where A is both an approved borrower and an approved stock borrowing and lending intermediary, is an approved lender, and any person acting for B in connection with the arrangement as an agent or nominee is an approved agent or, as the case may be, an approved nominee;”;
(b) in paragraph (2) for sub-paragraph (a) there shall be substituted—
“(a) that B is an approved stock borrowing and lending intermediary, and accordingly the case is not one to which paragraph (1) (b) (ii) above applies;”.

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Source: https://www.legislation.gov.uk/uksi/1995/3219/regulation/8 (the official version)
Page: https://openlegislation.uk/income-tax-stock-lending-amendment-no-2-regulations-1995/regulation-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.