Stamp Duty (Designation of Exchanges and Markets) (No.5) Regulations 2019.

Publication Date:10 Jan 2020

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of 10th January, 2020.

The Revenue Commissioners, in exercise of the powers conferred on them by section 75 (5)(a) (inserted by section 109 of the Finance Act 2007 (No. 11 of 2007)) of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), hereby make the following Regulations:

1. (1) These Regulations may be cited as the Stamp Duty (Designation of Exchanges and Markets) (No.5) Regulations 2019.

(2) These Regulations come into operation on 6 December 2019.

2. For the purposes of section 75 (inserted by section 109 of the Finance Act 2007 (No. 11 of 2007)) of the Stamp Duties Consolidation Act 1999 (No. 31 of 1999), Aquis Exchange Europe is designated an Exchange by the Revenue Commissioners.

GIVEN under my hand,

2 December 2019

NIALL CODY,

Revenue Commissioner

EXPLANATORY NOTE

(This note is not part of the Instrument and does not purport to be a legal interpretation).

The purpose of these Regulations is the designation by the Revenue Commissioners, as on and from 6 December 2019, of Aquis Exchange Europe as an exchange for the purposes of section 75 of the Stamp Duties Consolidation Act 1999 . Section 75 provides for an exemption from stamp duty on a transfer of title to securities to an intermediary where, inter alia,

— the intermediary is a member of an exchange or market designated by the Revenue Commissioners, and

— the transfer of the securities is effected on the designated exchange or market concerned, on the Irish Stock Exchange Limited, the London Stock Exchange plc or any other exchange or market designated by the Revenue Commissioners.

To continue reading

Request your trial