Introduction Details of the Section
2.Subsection (1) provides for the enabling powers in sections 116 and 117 of the Finance Act (FA) 1991 to make regulations that give relief from stamp duty and SDRT to explicitly include members of clearing houses and the nominees of members of clearing houses within the categories of entities that can be granted relief.
3.Subsection (2) provides that the amendments are to be treated as always having had effect.