Regulation 26 The Stamp Duty and Stamp Duty Reserve Tax (Definition of Unit Trust Scheme and Open-ended Investment Company) Regulations 2001I1

in the definition of “qualifying EEA investment company”, in paragraph (b) after “public” insert “in the UK or”;

in the definition of “qualifying EEA open-ended investment company”, in paragraph (c) after “public” insert “in the UK or”;

omit the definition of “recognised scheme”;

insert at the appropriate place—

• ““relevant authority” means—

  1. (a)

     the government of the United Kingdom, of Northern Ireland, or of any country outside the United Kingdom,

  2. (b)

     a local authority in the United Kingdom or elsewhere,

  3. (c)

     any international organisation the members of which include the United Kingdom or a member State;”;

for the definition of “UCITS” substitute—

• “ “UCITS” means—

  1. (a)

     a UCITS within the meaning given by section 236A of the Financial Services and Markets Act 2000, or

  2. (b)

     an undertaking established in Gibraltar which is a UCITS under the law of Gibraltar which implemented Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities^f2,”.

in paragraph (a) for “recognised scheme” substitute “UCITS and is a recognised scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000^f3”;

for paragraph (c) substitute—

“(c)

units in a UCITS formed under the laws of a member State which has been authorised by the competent authorities of that member State and is a recognised scheme for the purposes of Part 17 of the Financial Services and Markets Act 2000,”;

for paragraph (g) substitute—

“(g)

loan stock, bonds and other instruments—

(i)

creating or acknowledging indebtedness, and

(ii)

issued by or on behalf of a relevant authority.”.