Securities definition expanded to include debt instruments and derivatives, broadening stamp duty coverage on traded instruments. Amendments to section 2 expand and clarify definitions: allotment list, banker, clearing corporation and clearance list; broaden debenture to cover ... Summary
Securities definition expanded to include debt instruments and derivatives, broadening stamp duty coverage on traded instruments.
Amendments to section 2 expand and clarify definitions: allotment list, banker, clearing corporation and clearance list; broaden debenture to cover various debt instruments and securitised debt; recognise electronic and exchange/depository documents as instrument; add issuer, depository, marketable security and a tiered market value; broaden securities to include derivatives and specified short term debt; and expand stock exchange to include government specified trading or reporting platforms.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.