Made under the Finance Act 2025
1 statutory instrument made using powers in the Finance Act 2025, newest first. Each one is explained section by section in plain English.
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025
- Department: HM Treasury
- Made under: Finance Act 2025
The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 exempted stamp duties on the transfer of PISCES shares within the PISCES sandbox arrangements, effective July 3rd, 2025.
These regulations, effective July 3rd, 2025, exempt stamp duties on PISCES share transfers occurring within a designated sandbox environment established under the Financial Services and Markets Act 2023.
The regulations define key terms like "PISCES," "PISCES sandbox arrangements," and "PISCES share" by referencing the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025.
An accompanying explanatory note clarifies the exemption's purpose and directs readers to a Tax Information and Impact Note for further details.