{
  "url": "https://openlegislation.uk/private-intermittent-securities-and-capital-exchange-system-exemption-from-stamp-duties-regulations-2025/regulation-2",
  "json_url": "https://openlegislation.uk/private-intermittent-securities-and-capital-exchange-system-exemption-from-stamp-duties-regulations-2025/regulation-2.json",
  "legislation": "uksi/2025/666",
  "legislation_title": "The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025",
  "legislation_url": "https://openlegislation.uk/private-intermittent-securities-and-capital-exchange-system-exemption-from-stamp-duties-regulations-2025",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Exemption from stamp duties",
  "text": "(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.\n(2) In this regulation—\n“PISCES” has the meaning given in regulation 3(3) of the PISCES Sandbox Regulations;\n“PISCES sandbox arrangements” has the meaning given in regulation 3(2) of the PISCES Sandbox Regulations;\n“PISCES Sandbox Regulations” means the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025;\n“PISCES share” has the meaning given in regulation 2 of the PISCES Sandbox Regulations.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "S.I. 2025/583."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2025/666/regulation/2",
    "retrieved_at": "2026-10-28T21:15:09.029250+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."
}