SCHEDULES
SCHEDULE 26Meaning of "recognised stock exchange" etc
Minor and consequential amendments
10
1
ITEPA 2003 (persons to whom section 421J applies) is amended as follows.
2
In section 421L (persons to whom section 421J applies)—
a
in paragraph (b) of subsection (6), for “or dealt in on a recognised stock exchange” substitute “
on a recognised stock exchange or dealt in on any designated market in the United Kingdom
”
, and
b
after that subsection insert—
7
In subsection (6)(b) “designated” means designated by an order made by the Commissioners for Her Majesty's Revenue and Customs for the purposes of that provision.
8
An order under subsection (7) may—
a
designate a market by name or by reference to any class or description of market, and
b
vary or revoke a previous order under that subsection.
3
In section 717(2)
(orders and regulations made by Treasury or Commissioners), insert at the end “
or section 421L(7)
(persons to whom section 421J applies: order in relation to excluded securities).
”