Stamp Taxes on Shares Manual

STSM022230 - Scope of stamp duty on shares: stamp duty: adjudication, stamps and reliefs: intermediary relief definitions

Section 80B FA1986 provides certain definitionsÌýfor the purposes of intermediary relief, including:ÌýÌý

Regulated marketÌýmeans:

a) a UK regulated market, within the meaning of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments;

b) an EU regulated market, within the meaning of that Regulation; or

c) a Gibraltar regulated market within the meaning given by Article 26(11)(b)(i) of that Regulation.

Multilateral trading facilityÌýmeans:

a) a UK multilateral trading facility, within the meaning of Regulation (EU) No. 600/2014 of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments;

b) an EU multilateral trading facility, within the meaning of that Regulation; or

c) a Gibraltar multilateral trading facility within the meaning given by Article 26(11)(b)(ii) of that Regulation.

Recognised foreign exchange means:

a) aÌýmarket which is not in the United Kingdom, Gibraltar or an EEA State; and

b)Ìýis specified in regulations made by the Treasury.

Recognised foreign options exchange means:Ìý

a) a market which is not in the United Kingdom, Gibraltar or an EEA State; and

b) is specified in regulations made by the Treasury.

Stock:

Includes any marketable security.