Regulation 2 Exemption from stamp duties
(1)
The transfer of a PISCES share in connection with trading activity that takes place on a PISCES under the PISCES sandbox arrangements is exempt from all stamp duties.
(2)
In this regulation—
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“PISCES” has the meaning given in regulation 3(3) of the PISCES Sandbox Regulations;
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“PISCES sandbox arrangements” has the meaning given in regulation 3(2) of the PISCES Sandbox Regulations;
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“PISCES Sandbox Regulations” means the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025f1;
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“PISCES share” has the meaning given in regulation 2 of the PISCES Sandbox Regulations.
Annotations
Footnotes
- f1