INCOME TAX Citation and commencement 1 These Regulations may be cited as the Stock Lending and Manufactured Payments (Revocations and Amendments) Regulations 1997 and shall come into force on 1st July 1997. Revocations—Stock Lending Regulations 2 The Regulations specified in Schedule 1 to these Regulations are hereby revoked except in relation to any arrangement mentioned in subsection (1), (2) or (2A) of section 129 of the Income and Corporation Taxes Act 1988 that is entered into before 1st July 1997. Revocation—Dividend Manufacturing Regulations 3 The Income Tax (Dividend Manufacturing) Regulations 1992 are hereby revoked except in relation to any payment of a manufactured dividend to which those Regulations apply that is made before 1st July 1997. Revocation—Manufactured Interest Regulations 4 The Regulations specified in Schedule 2 to these Regulations are hereby revoked except in relation to any payment of manufactured interest to which those Regulations apply that is made before 1st July 1997. Revocation—Unapproved Manufactured Payments Regulations 5 The Income Tax (Unapproved Manufactured Payments) Regulations 1996 are hereby revoked except in relation to any payment of a manufactured dividend to which those Regulations apply that is made before 1st July 1997. Revocation—Manufactured Dividends (Tradepoint) Regulations 6 The Income Tax (Manufactured Dividends) (Tradepoint) Regulations 1995 are hereby revoked except in relation to any payment of a manufactured dividend to which those Regulations apply that is made before 1st July 1997. Amendments—Gilt-edged Securities Regulations 7 1 In each of the provisions specified in paragraph (2), for “3A” there shall be substituted “3A(2)(a)”. 2 The provisions specified are— a the definition of “manufactured payment” in regulation 2(1) of the Gilt-edged Securities (Periodic Accounting for Tax on Interest) Regulations 1995 ; b the definition of “manufactured payment” in regulation 2(1) of the Lloyd’s Underwriters (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 ; c regulation 6 of the Insurance Companies (Gilt-edged Securities) (Periodic Accounting for Tax on Interest) Regulations 1995 , in sub-paragraphs (5)(b) and (15) of the inserted paragraph 1A of Schedule 19AB to the Income and Corporation Taxes Act 1988. Amendments—Manufactured Overseas Dividends Regulations 8 1 The Income Tax (Manufactured Overseas Dividends) Regulations 1993 shall be amended in accordance with paragraphs (2) to (4). 2 In regulation 2B(1) the words “, and paragraph 5”, shall be omitted. 3 Regulation 7A shall be omitted. 4 Regulation 16 shall be omitted. 5 The omission of regulation 16 by paragraph (4) shall have effect in relation to— a transactions entered into on or after 1st July 1997 in respect of which information may be obtained under section 21 of the Taxes Management Act 1970 , and b payments made on or after that date (whether under transactions entered into before, or under transactions entered into on or after, that date) in respect of which information may be obtained under that section. Roger Knapman Richard Ottaway Two of the Lords Commissioners of Her Majesty’s Treasury 20th March 1997