The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 3) SI 2010/1877 remove multiple charges to stamp duties from certain transactions made on a multilateral trading facility.
The Stamp Duty and Stamp Duty Reserve Tax (Investment Exchanges and Clearing Houses) Regulations (No. 4) SI 2010/1897 remove multiple charges to stamp duties from transactions made on the Frankfurt Stock Exchange and the trading facility Open Market MTF which are transferred through the clearing house Eurex Clearing.
Both measures are intended to ensure that the charges are only paid once by the ultimate purchaser.
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