The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 4) 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 Frankfurt Stock Exchange, a regulated market operated by Deutsche Borse AG, and the Open Market, a multilateral trading facility operated by Deutsche Borse AG (“the Deutsche Borse AG exchanges”). The transfers and agreements exempted are those involving Eurex Clearing AG (“Eurex Clearing”) and nominees of that clearing house, (through whom transactions on the Deutsche Borse AG exchanges are cleared).