# The Income Tax (Stock Lending) Regulations 1989, Regulation 4: Application of subsection (3) and section 149B(9)


Neither subsection (3) nor section 149B(9) shall apply to a transfer, or a disposal and acquisition, made in pursuance of an arrangement mentioned in subsection (1) or (2) unless–
(a) in relation to an arrangement under which the securities to be transferred are gilt-edged securities, the conditions specified in regulation 5, or
(b) in relation to an arrangement under which the securities to be transferred are other United Kingdom securities, the conditions specified in regulation 6, or
(c) in relation to an arrangement under which the securities to be transferred are overseas securities, the conditions specified in regulation 7,
are fulfilled.

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Source: https://www.legislation.gov.uk/uksi/1989/1299/regulation/4 (the official version)
Page: https://openlegislation.uk/income-tax-stock-lending-regulations-1989/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.