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Regulation 3 Amendment of the Stamp Duty Reserve Tax (virt-x Exchange Limited) Regulations 1995

Original text. Later amendments are not shown.

(1)

Amend regulation 2f1 as follows.

(2)

In the definition of “clearing participant”—

(a)

for “The London Clearing House Limited” substitute “a relevant clearing service”;

(b)

for “that clearing house” substitute “the relevant clearing service”.

(3)

In the definition of “nominee” for “The London Clearing House Limited” substitute “a relevant clearing service”.

(4)

After the definition of “participant” insert—

  • ““relevant clearing service” means—

    1. (a)

      The London Clearing House Limited; or

    2. (b)

      SIS x-clear Aktiengesellschaft for as long as it is a member (as defined by this regulation);”.

Annotations

Footnotes

f1

Regulation 2 was amended by regulation 2(1) and (3) of S.I. 2001/2267.