# The Market Value of Shares, Securities and Strips Regulations 2015, Regulation 1: Citation, commencement, effect and interpretation


(1) These Regulations may be cited as the Market Value of Shares, Securities and Strips Regulations 2015 and come into force on 6th April 2015.
(2) These Regulations have effect where the date of valuation falls on or after that date.
(3) These Regulations apply—
(a) subject to regulation 2(2), for the purposes of the Taxation of Chargeable Gains Act 1992, to determine the market value of shares or securities which are included in the official UK list,
(b) for the purposes of Chapter 8 of Part 4 of the Income Tax (Trading and Other Income) Act 2005 (profits from deeply discounted securities), to determine the market value of a strip, and
(c) for the purposes of section 445(1) the Income Tax (Trading and Other Income) Act 2005 (strips of government securities), to determine the market value of a security exchanged for strips of that security.

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Source: https://www.legislation.gov.uk/uksi/2015/616/regulation/1 (the official version)
Page: https://openlegislation.uk/market-value-of-shares-securities-and-strips-regulations-2015/regulation-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.