Heading substituted by SI 2017/1064, reg. 10 and Sch., para. 6(2)(a), with effect from 28 November 2017. Former heading read: “Investment exchanges and clearing houses: stamp duty”.
116(1) The Treasury may make regulations providing as mentioned in this section with regard to any circumstances which–
(a)would (apart from the regulations) give rise to a charge to stamp duty,
(b)involve a prescribed relevant entity, or a member or nominee (or member or nominee of a prescribed description) of such a relevant entity, or a nominee (or nominee of a prescribed description) of a member of such a relevant entity, and