Finance Act, 1999

Amendment of section 207 (exemption from stamp duty of certain financial services instruments) of Finance Act, 1992.

142.—(1) Section 207 of the Finance Act, 1992 , is hereby amended in subsection (1)—

(a) by the substitution of “is dealt in” for “is dealt in and quoted” in subparagraph (I) of paragraph (b) of the definition of “American depositary receipt”,

(b) by the substitution of “so dealt in” for “so dealt in and quoted” in subparagraph (II) of paragraph (b) of the definition of “Americ\agrave\n depositary receipt”, and

(c) by the substitution of “dealt in” for “dealt in and quoted” in the definition of “financial futures agreement”.

(2) This section shall apply and have effect as respects instruments executed on or after the date of the passing of this Act.