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1.—(1) These Regulations may be cited as the Sale and Repurchase of Securities (Modification of Enactments) Regulations 2007 and shall come into force on 1st October 2007.
(2) These Regulations shall have effect in relation to arrangements where the transfer of securities referred to in section 607(1)(b) of ITA 2007 takes place on or after 1st October 2007.
(3) In these Regulations—
“ITA 2007” means the Income Tax Act 2007;
“non-standard repo case” shall be construed in accordance with section 612(2) of ITA 2007;
“redemption arrangements” shall be construed in accordance with section 613(2) of ITA 2007;
“TCGA 1992” means the Taxation of Chargeable Gains Act 1992.
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