117 Investment exchanges, clearing houses and central securities depositories: SDRT
Heading substituted by SI 2017/1064, reg. 10 and Sch., para. 6(3), with effect from 28 November 2017. Former heading read: “Investment exchanges and clearing houses: SDRT”.
117(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 reserve tax,
(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
(c)are such as are prescribed.
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