(This note is not part of the Instrument and does not purport to be a legal interpretation).
The purpose of these Regulations is the designation by the Revenue Commissioners, as on and from 30 April 2019, of Liquidnet EU Limited as a market for the purposes of
section 75
of the
Stamp Duties Consolidation Act 1999
. Section 75 provides for an exemption from stamp duty on a transfer of title to securities to an intermediary where, inter alia,
• the intermediary is a member of an exchange or market designated by the Revenue Commissioners, and
• the transfer of the securities is effected on the designated exchange or market concerned, on the Irish Stock Exchange Limited, the London Stock Exchange plc or any other exchange or market designated by the Revenue Commissioners.