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In force since 2025-07-03, as the publisher states.
Copy read on 2026-11-10. The page it was read from
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.
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2025 No. 666 STAMP DUTY STAMP DUTY RESERVE TAX The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 Made 10th June 2025 Laid before the House of Commons 12th June 2025 Coming into force 3rd July 2025 The Treasury make these Regulations in exercise of the powers conferred by section 56 of the Finance Act 2025.
Propose a changeThese Regulations may be cited as the Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 and come into force on 3rd July 2025.
Propose a change(1) The transfer of a PISCES share in connection with trading activity that takes place on a PISCES under the PISCES sandbox arrangements is exempt from all stamp duties. (2) In this regulation— “PISCES” has the meaning given in regulation 3(3) of the PISCES Sandbox Regulations; “PISCES sandbox arrangements” has the meaning given in regulation 3(2) of the PISCES Sandbox Regulations; “PISCES Sandbox Regulations” means the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025; “PISCES share” has the meaning given in regulation 2 of the PISCES Sandbox Regulations.
Propose a change