Finance Act, 1990

Exemption from stamp duty on capital companies for UCITS.

115.—Chapter II of Part IV of the Finance Act, 1973 , is hereby amended by the insertion of the following section after section 67:

“Restriction of application (Chapter II).

67A.—This Chapter shall not apply to any undertaking for collective investment in transferable securities (UCITS) to which Council Directive 85/611/EEC* of 20 December 1985, and any Directive amending that Council Directive, relates.”.

*O.J. No. L 375 of 31.12.1985.