Manufactured Dividends and Interest

Part of Schedule 13 – in the House of Commons at 1:45 am on 15th July 1991.

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No. 37, in page 131, line 34, leave out from beginning to end of line 45 and insert— '(b) any manufactured dividend or manufactured interest not falling within paragraph (a) above which is paid in respect of United Kingdom securities or United Kingdom equities by a person other than one who is—

  1. (i) a market maker in relation to United Kingdom securities or United Kingdom equities of the kind in question, or
  2. (ii) in such circumstances as may be prescribed, a member, of a prescribed class or description, of a prescribed recognised investment exchange, or
  3. (iii) in such circumstances as may be prescribed, a prescribed recognised clearing house,
and which is so paid otherwise than in connection with an approved stock lending arrangement;'.