STT Act means the Securities Transfer Tax Act, No. 25 of 2007;
STT Act means the Securities Transfer Tax Act 25 of 2007;
STT Act means the Securities Transfer Tax Act, 2007 (Act No.25 of 2007);“terminating transaction”means a purchase of equity securities which have not subsequently been sold or a sale of equity securities which have not subsequently been purchased;‘trade cancellation”means the cancellation of an on book or off book trade on the same business day or the next business day;“trading services”means the execution of transactions in equity securities by a member –(a) for the member’s own account; and(b) with or on behalf of a client;“trading services provider”means a member which has been authorised by the JSE to perform trading services in terms of the rules;“transaction”has the same meaning as that contained in section 1 of the Act;“TSP”means a trading services provider;“uncertificated equity securities” “uncertificated securities register”means equity securities that are not evidenced by a certificate and are transferable by book entry without a certificate;has the same meaning as that contained in section 1 of the Act;“uncommitted settlement”means a settlement obligation for which a CSDP has not provided a settlement undertaking;“Unrestricted and security restricted stock account”means a stock account for transactions or positions in equity securities, where the member acquires or sells equity securities for the member’s own account and where the member either has the freedom to acquire or dispose of such equity securities without being subject to any restriction placed on the member by any other person, or where a restriction is placed on the member in respect of the disposal of such equity securities by-(a) a lender of cash or another creditor, to whom the equity securities are pledged or ceded as security for the money lent or other debt, and where interest on the loan or other debt is charged at a rate which is unrelated to any changes in the value of the equity securities; or(b) a lender of securities to whom the equity securities are pledged or ceded as security for fulfilment of the member’s obligations in terms of a “lending arrangement” as defined in the STT Act, and where the fee charged by the lender is unrelated to any changes in the value of the equity securities; or(c) a person to whom the equity securities are pledged or ceded as security for the fulfilment of the member’s obligations in respect of the purchase or sale of other securities, and where the benefits of the rights attaching to the equity securities remain with the member and are not directly...
Examples of STT Act in a sentence
Securities Transfer Tax The issue, transfer and redemption of the Notes will not attract securities transfer tax under the Securities Transfer Tax Act, 2007 (the STT Act, as amended from time to time) because the Notes do not constitute “securities” as defined in the STT Act (i.e. the Notes will not, themselves, constitute a share or depository receipt in a company).
Securities Transfer Tax The issue, transfer and redemption of the Notes will not attract securities transfer tax under the Securities Transfer Tax Act, 2007 (the STT Act) because the Notes do not constitute “securities” as defined in the STT Act.
More Definitions of STT Act
STT Act means The Securities Transfer Act, No. 25 of 2007, as amended;
STT Act means the Securities Transfer Tax Act, 2007 (Act No.25 of 2007); “terminating transaction” means a purchase of equity securities which have not subsequently been sold or a sale of equity securities which have not subsequently been purchased; ‘trade cancellation” means the cancellation of an on book or off book trade on the same business day or the next business day; “trading services” means the execution of transactions in equity securities by a member –(a) for the member’s own account; and(b) with or on behalf of a client; “trading services provider” means a member which has been authorised by the JSE to perform trading services in terms of the rules; “transaction” has the same meaning as that contained in section 1 of the Act; “TSP” means a trading services provider; “uncertificated equity securities”
STT Act means the Securities Transfer Tax Act, 2007 (Act No. 25 of 2007), as amended from time to time;