{
  "url": "https://openlegislation.uk/stamp-duty-and-stamp-duty-reserve-tax-eurex-clearing-ag-regulations-2011/regulation-2",
  "json_url": "https://openlegislation.uk/stamp-duty-and-stamp-duty-reserve-tax-eurex-clearing-ag-regulations-2011/regulation-2.json",
  "legislation": "uksi/2011/666",
  "legislation_title": "The Stamp Duty and Stamp Duty Reserve Tax (Eurex Clearing AG) Regulations 2011",
  "legislation_url": "https://openlegislation.uk/stamp-duty-and-stamp-duty-reserve-tax-eurex-clearing-ag-regulations-2011",
  "path": "regulation/2",
  "kind": "regulation",
  "number": "2",
  "heading": "Interpretation",
  "text": "In these Regulations—\n“clearing member client contract” has the same meaning as in section 155 of the Companies Act 1989;\n“clearing participant” means a member of Eurex who as such is permitted by the Rules of Eurex to clear facility transactions and/or over the counter transactions;\n“client” means a person who gives instructions to a non-clearing firm for traded securities or options to be sold in a facility transaction or an over the counter transaction;\n“default rules” and “defaulting” have the same meaning as in section 188 of the Companies Act 1989;\n... “third country central counterparty” has the same meaning as in section 285 of the Financial Services and Markets Act 2000;\n“facility” means a recognised investment exchange within the meaning of sections 116(4)(b) and 117(3) of the Finance Act 1991;\n“facility transaction” means a transaction in traded securities or options that is made on or reported to a recognised investment exchange;\n“Eurex” means Eurex Clearing AG ;\n“nominee” means, save in relation to a non-clearing firm or its client (regulation 4(3)(b) and (e)), a person whose business is or includes holding traded securities or options as a nominee for Eurex, or another prescribed recognised clearing house ... or prescribed third country central counterparty acting in its capacity as a person providing clearing services in connection with an over the counter transaction or a facility transaction, or as a nominee for a clearing participant;\n“non-clearing firm” means a person other than a clearing participant who has an agreement with a clearing participant to clear over the counter transactions or facility transactions or both;\n“option” means an option to buy or sell traded securities;\n“over the counter transaction” means a transaction in traded securities or options made other than on a recognised investment exchange”;\n“traded securities” means stocks and shares which are issued or raised by a body corporate but does not include stocks and shares issued or raised by a body corporate not incorporated in the United Kingdom unless—\n(a)the stocks and shares are registered in a register kept in the United Kingdom by or on behalf of the body corporate; or\n(b)in the case of shares, they are paired, within the meaning of section 99(6A) of the Finance Act 1986 , with shares issued by a body corporate incorporated in the United Kingdom.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in reg. 2 inserted (1.4.2013) by The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 42(2)(a) (with regs. 52-58)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in reg. 2 omitted (31.12.2020) by virtue of The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 25(2)(a)(i) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F3",
      "text": "Word in reg. 2 substituted (31.12.2020) by The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 25(2)(a)(ii) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F4",
      "text": "Words in reg. 2 omitted (31.12.2020) by virtue of The Investment Exchanges, Clearing Houses and Central Securities Depositories (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/662), regs. 1(3), 25(2)(b) (with savings in S.I. 2019/680, reg. 11); 2020 c. 1, Sch. 5 para. 1(1)"
    },
    {
      "type": "F",
      "label": "F5",
      "text": "Words in reg. 2 inserted (1.4.2013) by The Financial Services and Markets Act 2000 (Over the Counter Derivatives, Central Counterparties and Trade Repositories) Regulations 2013 (S.I. 2013/504), regs. 1(2), 42(2)(b) (with regs. 52-58)"
    },
    {
      "type": "M",
      "label": "M1",
      "text": "Eurex Clearing AG is a prescribed recognised clearing house within the meaning of the Financial Services and Markets Act 2000."
    },
    {
      "type": "M",
      "label": "M2",
      "text": "1986 c. 41. Section 99(6A) was inserted by section 144 of the Finance Act 1988 (c. 39), and was amended by section 113(2) of the Finance Act 1990 (c. 29)."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2011/666/regulation/2",
    "retrieved_at": "2026-10-29T02:13:48.544923+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."
}