The Stamp Duty Reserve Tax (Amendment) Regulations 1992

• Citation: S.I. 1992/3287
• Sections: 2

Section 1

These Regulations may be cited as the Stamp Duty Reserve Tax (Amendment) Regulations 1992 and shall come into force on 1st January 1993.

Section 2

In regulation 2 of the Stamp Duty Reserve Tax Regulations 1986 —

(a) after the definition of “broker and dealer” there shall be inserted—

“European institution” has the meaning given by regulation 3 of the Banking Coordination (Second Council Directive) Regulations 1992 ;

(b) after the definition of “General Commissioners” there shall be inserted—

“investment business” has the meaning given by section 1(2) of the Financial Services Act 1986 ;

(c) at the end of the definition of “qualified dealer” there shall be added—

or

(c) is a European institution which carries on investment business in the United Kingdom;