The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations 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 Euro Millennium Multilateral Trading Facility (“the Facility”). The transfers and agreements exempted are those involving SIX X-CLEAR AG (“X-CLEAR”) (and nominees of that clearing house), through whom transactions on the Facility are cleared, or clearing participants in SIX X-CLEAR AG (and their nominees).