S.I. No. 331/2009 - Stamp Duty (Designation of Exchanges and Markets) (No. 4) Regulations 2009

1. (1) These Regulations may be cited as the Stamp Duty (Designation of Exchanges and Markets) (No. 4) Regulations 2009.

(2) These Regulations come into operation on 25 August 2009.

Designation of exchanges and markets

2. Each of the following, namely—

(

a

) Euro Millennium operated by NYFIX International Limited, and

(

b

) Baikal MTF operated by Baikal Global Limited,

is designated by the Revenue Commissioners as a market 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).

GIVEN under my hand,

20 August 2009.

MICHAEL O’GRADY,

Revenue Commissioner.

EXPLANATORY NOTE

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

Section 75 (inserted by

section 109

of the

Finance Act 2007

) of the

Stamp Duties Consolidation Act 1999

provides for an exemption from stamp duty on a transfer of title to securities to an intermediary if—

• the intermediary is a member of an exchange or market,

• the intermediary is approved by the Revenue Commissioners as a recognised intermediary on the exchange or market,

• the transfer of the securities is effected on the 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, and

• the transfer is not effected in connection with an excluded business.

The purpose of these Regulations is the designation by the Revenue Commissioners, as on and from 25 August 2009, of—

• Euro Millennium operated by NYFIX International Limited, and

• Baikal MTF operated by Baikal Global Limited,

as a market for the purposes of

section 75

of the

Stamp Duties Consolidation Act 1999

.

S.I. No. 331 of 2009

STAMP DUTY (DESIGNATION OF EXCHANGES AND MARKETS) (No. 4) REGULATIONS 2009

Notice of the making of this Statutory Instrument was published in

“Iris Oifigiúil” of

28

th August

, 2009.

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

Citation and commencement