10(1)Section 50 of the Finance Act 1987 (warrants to purchase government stock etc.: exempt securities) is amended as follows.
(2)In subsection (2) for “the heading “Bearer Instrument” in Schedule 1 to the Stamp Act 1891” substitute “Schedule 15 to the Finance Act 1999 (bearer instruments)”.
(3)In subsection (3)(b) for the words from “by virtue of section 30” to “1891” substitute “exempt from stamp duty under paragraph 1 of Schedule 15 to the Finance Act 1999 (issue of bearer instrument) by virtue of paragraph 17 of that Schedule (certain non-sterling instruments)”.
(4)In subsection (3)(c) for the words from “by virtue of section 30” to “that heading” substitute “exempt from stamp duty under that Schedule by virtue of paragraph 17 of that Schedule or section 79(2) of the Finance Act 1986”.