SCHEDULE 6Modifications and consequential amendments

PART 3Consequential amendments

Finance Act 19869

1

The following provisions of the Finance Act 1986 are amended as follows.

2

In section 80D(9)(h) M1 (stamp duty on repurchases and stock lending: replacement on insolvency) omit “or” and after that paragraph insert—

ha

if a special administration order takes effect under the Investment Bank Special Administration Regulations 2011, or

3

In section 89AB(9)(h) M2 (stamp duty reserve tax: exception for repurchases and stock lending in case of insolvency) omit “or” and after that paragraph insert—

ha

if a special administration order takes effect under the Investment Bank Special Administration Regulations 2011.