Common use of Country Specific Requirements Clause in Contracts

Country Specific Requirements. The Equities Annex does not attempt to deal specifically with the position of UK equities. Participants who are contemplating using the equity repo annex for transactions in UK equities will, as with any transaction, need to check the position carefully in the specific context of any particular proposed transaction. Amongst the questions to be considered will be the detail of the stamp duty and stamp duty reserve tax position and also whether, in any particular case, the Buyer may be in a position to claim any amount from the UK authorities that could be within sub-paragraph (c)(ii), for example under the terms of an applicable tax treaty. 3.13

Country Specific Requirements. The Equities Annex does not attempt to deal specifically with the position of UK equities. Participants who are contemplating using the equity repo annex for transactions in UK equities will, as with any transaction, need to check the position carefully in the specific context of any particular proposed transaction. Amongst the questions to be considered will be the detail of the stamp duty and stamp duty reserve tax position and also whether, in any particular case, the Buyer may be in a position to claim any amount from the UK authorities that could be within sub-paragraph (c)(ii), for example under the terms of an applicable tax treaty. 3.13.

Country Specific Requirements. The Equities Annex Xxxxx does not attempt to deal specifically with the position of UK equities. Participants who are contemplating using the equity repo annex for transactions in UK equities will, as with any transaction, need to check the position carefully in the specific context of any particular proposed transaction. Amongst the questions to be considered will be the detail of the stamp duty and stamp duty reserve tax position and also whether, in any particular case, the Buyer may be in a position to claim any amount from the UK authorities that could be within sub-paragraph (c)(ii), for example under the terms of an applicable tax treaty. 3.13.