{
  "url": "https://openlegislation.uk/manufactured-overseas-dividends-french-indemnity-payments-regulations-1996/note",
  "json_url": "https://openlegislation.uk/manufactured-overseas-dividends-french-indemnity-payments-regulations-1996/note.json",
  "legislation": "uksi/1996/1826",
  "legislation_title": "The Manufactured Overseas Dividends (French Indemnity Payments) Regulations 1996",
  "legislation_url": "https://openlegislation.uk/manufactured-overseas-dividends-french-indemnity-payments-regulations-1996",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "(This note is not part of the Regulations)\nThese Regulations make provision for the tax treatment in the United Kingdom of certain manufactured overseas dividends (“French Indemnity payments”). Such payments are required, under the rules of the Society of French Stock Exchanges, to be made in certain circumstances by one of the parties to a transaction for the sale of French equities to the other party by way of compensation for the dividend which the other party did not receive in respect of the equities sold.\nRegulation 1 provides for citation and commencement, and regulation 2 for interpretation.\nRegulation 3 provides for the tax treatment of French indemnity payments in all cases other than cases where the payment arises from an arrangement for the sale and repurchase of French equities (“repo payments”).\nRegulation 4 provides for the tax treatment of French indemnity payments that are repo payments.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1996/1826/note",
    "retrieved_at": "2026-10-29T12:39:07.589899+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."
}