# The Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) (Amendment) Regulations 2000

S.I. 2000/1871 · made 14 July 2000

These Regulations amend the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999 (S.I. 1999/2383) (“the principal Regulations”) which provide for UK depositary interests in foreign securities to be excluded from the definition of “chargeable securities” in Part IV of the Finance Act 1986 for the purposes of stamp duty reserve tax.

Made under: Finance Act 1999 (Section 119)

PDFs: Printed copy https://openlegislation.uk/stamp-duty-reserve-tax-uk-depositary-interests-in-foreign-securities-amendment-regulations-2000/pdf/uksi_20001871_en.pdf

## Introductory text

TAXES
Made 14th July 2000
Laid before the House of Commons 17th July 2000
Coming into force 7th August 2000
The Treasury, in exercise of the powers conferred upon them by section 119 of the Finance Act 1999, hereby make the following Regulations:

## 1 Citation and commencement

These Regulations may be cited as the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) (Amendment) Regulations 2000 and shall come into force on 7th August 2000.

## 2 Interpretation

In these Regulations “the principal Regulations” means the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999.

## 3 Amendments to the principal Regulations

In regulation 2 of the principal Regulations in paragraph (d) of the definition of “foreign securities” omit “overseas”.

## 4 Amendments to the principal Regulations

In regulation 2 of the principal Regulations for the definition of “recognised stock exchange overseas” substitute—
““recognised stock exchange” has the meaning given by section 841 of the Income and Corporation Taxes Act 1988;”.

## Signature

Bob Ainsworth
Greg Pope
Two of the Lords Commissioners of Her Majesty’s Treasury
14th July 2000

## Explanatory note

(This note is not part of the Regulations)
These Regulations amend the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999 (S.I. 1999/2383) (“the principal Regulations”) which provide for UK depositary interests in foreign securities to be excluded from the definition of “chargeable securities” in Part IV of the Finance Act 1986 for the purposes of stamp duty reserve tax.
One of the conditions contained in the definition of “foreign securities” in regulation 2 of the principal Regulations is that the securities are of the same class in the body corporate concerned as securities listed on a recognised stock exchange outside the United Kingdom. The amendments made by these Regulations relax that condition so as to include securities listed on any recognised stock exchange.

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Source: https://www.legislation.gov.uk/uksi/2000/1871 (the official version)
Page: https://openlegislation.uk/stamp-duty-reserve-tax-uk-depositary-interests-in-foreign-securities-amendment-regulations-2000
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.