{
  "url": "https://openlegislation.uk/securitisation-companies-and-qualifying-transformer-vehicles-exemption-from-stamp-duties-regulations-2022/regulation-1",
  "json_url": "https://openlegislation.uk/securitisation-companies-and-qualifying-transformer-vehicles-exemption-from-stamp-duties-regulations-2022/regulation-1.json",
  "legislation": "uksi/2022/464",
  "legislation_title": "The Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations 2022",
  "legislation_url": "https://openlegislation.uk/securitisation-companies-and-qualifying-transformer-vehicles-exemption-from-stamp-duties-regulations-2022",
  "path": "regulation/1",
  "kind": "regulation",
  "number": "1",
  "heading": "Citation, commencement and effect",
  "text": "(1) These Regulations may be cited as the Securitisation Companies and Qualifying Transformer Vehicles (Exemption from Stamp Duties) Regulations 2022, and come into force on 17th May 2022.\n(2) These Regulations have effect as follows.\n(3) For the purposes of stamp duty, the Regulations have effect in relation to instruments executed on or after 17th May 2022.\n(4) For the purposes of stamp duty reserve tax, the Regulations have effect—\n(a) in relation to the charge to tax under section 87 of the Finance Act 1986, where—\n(i) the agreement to transfer securities is conditional, and the condition is satisfied on or after 17th May 2022;\n(ii) the agreement to transfer securities is not conditional, and the agreement is made on or after 17th May 2022;\n(b) in relation to the charge to tax under section 93 or 96 of that Act, where the transfer occurs on or after 17th May 2022.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "1986 c. 41; section 87 was amended by sections 188(1), 192(1), 194(1) and 205 of, and Part 7 of Schedule 41 to, the Finance Act 1996 (c. 8), and sections 106 and 113 of, and Part 7 of Schedule 18 to, the Finance Act 1997 (c. 16)."
    },
    {
      "type": "footnote",
      "label": "f2",
      "text": "Section 93 was amended by sections 193 and 194(2) of the Finance Act 1996, sections 104(1) and (2) and 113 of, and Part 7 of Schedule 18 to, the Finance Act 1997, and section 139(2) of the Finance Act 2016 (c. 24). Section 96 was amended by sections 194(4) and (5), 196(2) and 205 of, and Schedule 41 to, the Finance Act 1996, sections 104(3) and (4) and 113 of, and Part 7 of Schedule 18 to, the Finance Act 1997, and section 139(4) of the Finance Act 2016."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2022/464/regulation/1",
    "retrieved_at": "2026-10-28T22:00:54.746711+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."
}