The Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2002

Made25th July 2002

Laid before the House of Commons25th July 2002

Coming into force26th July 2002

The Treasury, in exercise of the powers conferred upon them by section 117(1) of the Finance Act 20021, hereby make the following Regulations:

1

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Extension of Exceptions relating to Recognised Exchanges) Regulations 2002 and shall come into force on 26th July 2002.

2

The application of the provisions specified in section 117(2) of the Finance Act 2002 is extended to the market known as OFEX.

Ian PearsonJim FitzpatrickTwo of the Lords Commissioners of Her Majesty’s Treasury25th July 2002

(This note is not part of the Regulations)

These Regulations extend the stamp duty and stamp duty reserve tax exemptions for sales of stock to intermediaries and for repurchases and stock lending (sections 80A, 80C, 88A and 89AA of the Finance Act 1986 (c. 41)) to the market known as OFEX.