Adaptation of section 88A6
1
Section 88A (stamp duty reserve tax: exceptions from the principal charge for transactions involving intermediaries)6 is adapted as follows.
2
In subsection (1)—
a
in paragraph (a) for “an EEA exchange, or a recognised foreign exchange” substitute “a prescribed multilateral trading facility”;
b
in paragraphs (b) and (c) for “the exchange” (in each place) substitute “the facility”.
3
In subsection (2)—
a
in paragraph (a) for “an EEA exchange or a recognised foreign options exchange” substitute “a prescribed multilateral trading facility”;
b
in paragraphs (b) and (c) for “that exchange” (in each place) substitute “that facility”;
c
in paragraph (d)—
i
for “exchange, or a” substitute “exchange, a”; and
ii
after “foreign exchange” insert “, or a prescribed multilateral trading facility”.
4
In subsection (3)—
a
in paragraph (a) for “an EEA exchange, or a recognised foreign options exchange” substitute “a prescribed multilateral trading facility”
b
in paragraph (b) for “that exchange” (in each place) substitute “that facility”.
5
In subsection (6)—
a
in the words preceding paragraph (a) for “an exchange” substitute “a facility”; and
b
in paragraphs (a) and (b) (in each place) for “the exchange” substitute “the facility”.
6
At the end of the section add—
7
In this section “prescribed multilateral trading facility” has the meaning given by regulation 2 of the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2005.