The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 2) 2010
These Regulations exempt from stamp duty and stamp duty reserve tax (“SDRT”) certain transfers of, or agreements to transfer, traded securities made in the course of trading in those securities on the Chi-X Europe MTF, a multilateral trading facility operated by Chi-X Europe Limited. The transfers and agreements exempted are those involving European Multilateral Clearing Facility N.V. (“EMCF”) and/or European Central Counterparty Limited (“EuroCCP”) and/or LCH.Clearnet Limited (“LCH.Clearnet”) and/or SIX X-CLEAR AG (“X-CLEAR”), and nominees of these clearing houses, (through whom transactions on the Chi-X Europe MTF are cleared), or clearing participants in EMCF and/or EuroCCP and/or LCH.Clearnet and/or X-CLEAR and their nominees.