The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 7) 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 Chi-X Europe Limited (“the Facility”). The transfers and agreements exempted are those involving LCH.Clearnet Limited and/or SIX X-CLEAR AG (“X-CLEAR”) and/or European Multilateral Clearing Facility NV (“EMCF”) (and nominees of either clearing house), through whom transactions on the Facility are cleared, or clearing participants in LCH.Clearnet Limited or SIX X-CLEAR AG or European Multilateral Clearing Facility NV (and their nominees). These Regulations also exempt transactions on the Facility between LCH.Clearnet Limited, SIX X-CLEAR AG and European Multilateral Clearing Facility NV.