Improving competition in trading services
HM Treasury has announced the following three measures:
- From November 2007, HM Treasury will no longer require transactions in shares admitted to trading on a regulated market under MiFID to be reported to that market, or to those intermediaries to be members of that market, in order for intermediaries to benefit from stamp duty relief.
- In addition to shares admitted to trading on a regulated market this approach will be extended to include shares admitted to trading on a multilateral trading facility.
- HM Treasury also proposes to modernise the definition of a Recognised Stock Exchange for tax purposes to allow shares traded on other regulated markets under MiFID to benefit from the same tax arrangements that currently apply only to the London Stock Exchange in the UK.
New financial instruments to strengthen security in Europe and promote judicial cooperation in criminal matters are now adopted
The Council of the European Union has approved three new instruments for the period 2007 to 2013, to fight terrorism, crime and to enhance protection for citizens in Europe and promote judicial cooperation in criminal matters among Member States.
View New financial instruments to strengthen security in Europe and promote judicial cooperation in criminal matters are now adopted, 16 February 2007
Commissioner Charlie McCreevy welcomes European Parliament vote on shareholder voting rights in first reading
On 15 February 2007 the European Parliament reached agreement in a single reading on the proposal for a Directive on shareholder voting rights.