Statutory Instruments
2001 No. 3779
TAXES
The Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) (Amendment) Regulations 2001
Made
28th November 2001
Laid before the House of Commons
28th November 2001
Coming into force
19th December 2001
The Treasury, in exercise of the powers conferred upon them by section 119 of the Finance Act 1999( 1 ), hereby make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) (Amendment) Regulations 2001 and shall come into force on 19th December 2001.
Amendment to the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999
2. —(1) Amend the Stamp Duty Reserve Tax (UK Depositary Interests in Foreign Securities) Regulations 1999( 2 ) as follows.
(2) In regulation 2 (interpretation)( 3 ) in the definition of “foreign securities” in paragraph (d) for the words from “are listed” to the end substitute
-
“(i)
are listed on a recognised stock exchange, or
(ii)are of a type which would have been treated as so listed immediately before 28th November 2001; ” .
Tony McNulty
John Heppell
Two of the Lords Commissioners of Her Majesty’s Treasury
28th November 2001