# The Stamp Duty and Stamp Duty Reserve Tax (Eurex Clearing AG) Regulations 2011, Regulation 2: Interpretation

Extent: E+W+S+N.I.

In these Regulations—
“clearing member client contract” has the same meaning as in section 155 of the Companies Act 1989;
“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;
“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;
“default rules” and “defaulting” have the same meaning as in section 188 of the Companies Act 1989;
... “third country central counterparty” has the same meaning as in section 285 of the Financial Services and Markets Act 2000;
“facility” means a recognised investment exchange within the meaning of sections 116(4)(b) and 117(3) of the Finance Act 1991;
“facility transaction” means a transaction in traded securities or options that is made on or reported to a recognised investment exchange;
“Eurex” means Eurex Clearing AG ;
“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;
“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;
“option” means an option to buy or sell traded securities;
“over the counter transaction” means a transaction in traded securities or options made other than on a recognised investment exchange”;
“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—
(a)the stocks and shares are registered in a register kept in the United Kingdom by or on behalf of the body corporate; or
(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.

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Source: https://www.legislation.gov.uk/uksi/2011/666/regulation/2 (the official version)
Page: https://openlegislation.uk/stamp-duty-and-stamp-duty-reserve-tax-eurex-clearing-ag-regulations-2011/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.