The Finance Act 1986 (Stamp Duty and Stamp Duty Reserve Tax) (Amendment) Regulations 1992
These Regulations extend, with effect from 1st January 1993, the exemptions from stamp duty and stamp duty reserve tax for market makers in stock and securities contained in sections 81 and 89 of the Finance Act 1986 to European institutions within the meaning of the Banking Coordination (Second Council Directive) Regulations 1992 (S.I. 1992/3218) (“the 1992 Regulations”) which carry on certain investment business in the United Kingdom.