2011 No. 665

Stamp Duty
Stamp Duty Reserve Tax

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (Revocation) Regulations 2011

Made

Laid before the House of Commons

Coming into force

The Treasury make the following Regulations in exercise of the powers conferred by sections 116 and 117 of the Finance Act 19911.

Citation and commencement1

These Regulations may be cited as the Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses)(Revocation) Regulations 2011 and come into force on 1st April 2011.

Revocations2

The Regulations specified in the Schedule to these Regulations are revoked.

Michael FabricantBrooks NewmarkTwo of the Lords Commissioners of Her Majesty’s Treasury

SCHEDULESCHEDULE OF REVOCATIONS

Regulation 2

Regulations revoked

References

The Stamp Duty Reserve Tax (SWX Europe Limited) Regulations 1995

S.I. 1995/2051

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (OM London Exchange Limited) Regulations 1999

S.I. 1999/3262

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (Jiway Limited) Regulations 2000

S.I. 2000/2995

The Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (The London Stock Exchange) Regulations 2001

S.I. 2001/255

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations 2004

S.I. 2004/3218

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses)(Eurex Clearing AG) Regulations 2007

S.I. 2007/1097

The Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (The London Stock Exchange) Regulations 2008

S.I. 2008/52

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations 2008

S.I. 2008/2777

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.2) 2008

S.I. 2008/3235

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations 2009

S.I. 2009/35

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.4) 2009

S.I. 2009/1115

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.5) 2009

S.I. 2009/1344

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.11) 2009

S.I. 2009/1832

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.12) 2009

S.I. 2009/2954

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.13) 2009

S.I. 2009/2975

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.14) 2009

S.I. 2009/2976

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.15) 2009

S.I. 2009/2977

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (Over the Counter) Regulations 2009

S.I. 2009/3088

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations 2010

S.I. 2010/1818

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.2) 2010

S.I. 2010/1819

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) (Over the Counter) Regulations 2010

S.I. 2010/1824

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.3) 2010

S.I. 2010/1877

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.4) 2010

S.I. 2010/1897

The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No.5) 2010

S.I. 2010/2236

EXPLANATORY NOTE

(This note is not part of the Regulations)

These Regulations give relief from stamp duty and stamp duty reserve tax (“SDRT”) to those markets listed in the Schedule. The relief applies to prescribed recognised clearing houses and investment exchanges that fulfil a number of transactional conditions in order to be eligible for the relief.

Regulation 1 provides for citation and commencement

Regulation 2 revokes the instruments specified in the Schedule.

A full Impact Assessment has not been produced for this instrument as no impact on the private or voluntary sectors is foreseen.