Investment Exchanges and Clearing Houses: SDRT

Part of New Clause 17 – in the House of Commons at 3:46 pm on 15th July 1991.

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.—(1) The Treasury may make regulations providing as mentioned in this section with regard to any circumstances which—

  1. (a) would (apart from the regulations) give rise to a stamp duty reserve tax,
  2. (b) involve a prescribed recognised investment exchange or a prescribed recognised clearing house, or a member or nominee (or member or nominee of a prescribed description) of such an exchange, or a nominee (or nominee of a prescribed description) of such a clearing house, or a nominee (or nominee of a prescribed description) of a member of such an exchange, and
  3. (c) are such as are prescribed.