Statutory Instruments
2006 No. 139
STAMP DUTY
STAMP DUTY RESERVE TAX
The Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2006
Made
25th January 2006
Laid before the House of Commons
26th January 2006
Coming into force
16th February 2006
The Treasury, in exercise of the powers conferred upon them by section 50(1) and (4) of the Finance (No.2) Act 2005( 1 ), make the following Regulations:
Citation and commencement
1. These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2006 and shall come into force on 16th February 2006.
Extended application of provisions specified in section 50(2) of the Finance (No.2) Act 2005
2. —(1) The application of the provisions specified in section 50(2) of the Finance (No.2) Act 2005 (“the relevant provisions”) is extended to the following market, which is a multilateral trading facility (or, assuming compliance with the provisions of Title II of the Directive( 2 ) (authorisation and operating conditions), would be such a facility), namely the market known as Instinet CHi-X and operated by Instinet Europe Limited.
(2) Regulations 3 to 7 of the Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2005( 3 ) apply to the market mentioned in paragraph (1) as they apply to the multilateral trading facilities listed in paragraphs (a) to (c) of regulation 2 of those Regulations.
Gillian Merron
Dave Watts
Two of the Lords Commissioners of Her Majesty’s Treasury
25th January 2006
i.e. Directive 2004/39/EC of the European Parliament and Council of 21 April 2004 on markets in financial instruments (see section 50(3) of the Finance (No. 2) Act 2005.