Finance Act 2012

Relief for clearing houses.

98.— Section 75A of the Principal Act is amended—

(a) in subsection (1), in the definition of “recognised clearing house”, by substituting the following for paragraph (c):

“(c) SIX x-clear AG, or”,

and

(b) in subsection (3) by inserting the following after paragraph (d):

“(da) from a recognised clearing house or a nominee of a recognised clearing house, to another recognised clearing house or a nominee of that recognised clearing house,”.