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.
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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.
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