The Central Securities Depositories Regulations 2017 No. 1064

SCHEDULE U.K. Minor and consequential amendments to primary and secondary legislation

PART 1 U.K. Consequential amendments to primary legislation

Income Tax Act 2007 U.K.

12.  In section 886 of the Income Tax Act 2007 M1 (interest paid by recognised clearing houses etc.)—

(a) in subsection (1)—

(i) in paragraph (a) after “clearing service” insert “ or as a central securities depository ”;

(ii) in paragraph (b) after “service” insert “ or central securities depository ”;

(b) in subsection (2) after “clearing service” insert “ or as a central securities depository ”;

(c) in subsection (3) after paragraph (d) of the definition of “relevant entity” insert—

“(e) a recognised CSD;

(f) an EEA CSD;

(g) a third country CSD.”.

Marginal Citations

M1 2007 c.3; section 886 was amended by paragraph 24 of Schedule 14 to the Finance Act 2007 (c.11) and S.I. 2013/504.