The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 13) 2009
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 multilateral trading facility operated by NASDAQ OMX Europe Limited (“the facility”). The transfers and agreements exempted are those involving SIX X-CLEAR AG (“X-CLEAR”) and/or European Multilateral Clearing Facility NV (“EMCF”) and/or LCH.Clearnet Limited (“LCH”) (and nominees of any of those clearing houses), through whom transactions on the facility are cleared, or clearing participants in X-CLEAR, EMCF or LCH (and their nominees). These Regulations also exempt transactions on the facility among X-CLEAR and EMCF and LCH.