Part 28 of the Principal Act is amended by inserting the following Chapter after Chapter 2:

"Chapter 3 Stock borrowing and repurchase agreements

753A. Interpretation (Chapter 3)

In this Chapter -

'Act of 1999' means the Stamp Duty Consolidation Act 1999;

'building society' has the same meaning as it has in Chapter 4 of Part 8;

'equivalent stock' -

(a) in relation to a stock borrowing, has the same meaning as it has in section 87 of the Act of 1999, and

(b) in relation to a repurchase agreement, has the same meaning as it has in section 87A of the Act of 1999;

'financial transaction' means a transaction comprising -

(a) a stock borrowing or a stock transfer in respect of which -

(i) the stock seller or stock buyer is a qualifying institution, and

(ii) the other party is not an individual or a partnership,

and

(b) the corresponding stock return for that stock borrowing or stock transfer,

where it is reasonable to consider that the transaction, and all associated agreements, arrangements or transactions, are equivalent to a transaction or agreement for the lending of money, or money's worth, at interest;

'investment undertaking' has the same meaning as it has in Chapter 1A of Part 27;