The Income Tax (Stock Lending) (Amendment) Regulations 1996

Amendments to the principal Regulations

3.  In regulation 2(1)—

(a) the definitions of “gilt-edged securities”, “other United Kingdom securities” and “overseas securities” shall be omitted;

(b) for the definition of “United Kingdom equity securities”(1) there shall be substituted the following definition—

““United Kingdom equity securities” means shares issued by a company which—

(a)

have been admitted to the Official List of the Stock Exchange, or are permitted to be dealt in on the Unlisted Securities Market or Alternative Investment Market of the Stock Exchange, or

(b)

where the company issuing the shares is not resident in the United Kingdom, are registered in a register kept in the United Kingdom by or on behalf of that company,

and, except where comprised in an arrangement falling within regulation 4(1)(b), includes depository receipts for such shares.”

(1)

Added by S.I. 1992/572.