Statutory Instruments
2007 No. 12
stamp duty reserve tax
The Stamp Duty Reserve Tax (UK Depositary Interest in Foreign Securities) (Amendment) Regulations 2007
Made
8th January 2007
Laid before the House of Commons
9th January 2007
Coming into force
1st February 2007
The Treasury make the following Regulations, in exercise of the powers conferred by sections 119 and 121 of the Finance Act 1999( 1 ).
Citation and commencement
1. These Regulations may be cited as the Stamp Duty Reserve Tax (UK Depositary Interest in Foreign Securities) (Amendment) Regulations 2007 and shall come into force on 1st February 2007.
Amendment of the Stamp Duty Reserve Tax (UK Depositary Interest in Foreign Securities) Regulations 1999
2. —(1) The Stamp Duty Reserve Tax (UK Depositary Interest in Foreign Securities) Regulations 1999( 2 ) are amended as follows.
(2) In regulation 2—
(a) the definition of “collective investment scheme”( 3 ); and
(b) paragraph (c) of the definition of “foreign securities”( 4 );
are revoked.
Consequential revocation
3. Article 186 of the Financial Services and Markets Act 2000 (Consequential Amendments) (Tax) Order 2001( 5 ) (which is spent in consequence of regulation 2(2)(a)) is revoked.
Dave Watts
Alan Campbell
Two of the Lords Commissioners of Her Majesty’s Treasury
8th January 2007
1999 c. 16 . These provisions are subject to prospective repeal by virtue of section 123(3) of the Finance Act 1999.
S.I. 1999/2383 . The relevant amendments are those made by regulation 3 of S.I. 2000/1871 , article 186 of S.I. 2001/3629 , paragraph 23 of Part 2 of Schedule 7 to S.I. 2001/3755 and regulation 2 of S.I. 2001/3779 .
This definition was amended by article 186 of S.I. 2001/3629 .
This definition was amended by regulation 3 of S.I. 2000/871 , paragraph 23 of Part 2 of Schedule 7 to S.I. 2001/3755 and regulation 2 of S.I. 2001/3779 .