3. Amendment of section 15 of the principal enactment

Section 15 of the principal enactment as amended by

Act, No. 8 of 2001 is hereby further amended by the repeal of sub-paragraph (t) of that section and the substitution therefor of the following sub-paragraph —

2—H 018007–7,150 (03/2003)

“(t)

the profits and income within the meaning of paragraph (a) of section 3 arising or accruing to any person or partnership on any secondary market transaction in dealing with any Security or

Treasury Bond issued under the Registered

Stocks and Securities Ordinance (Chapter 420), or Treasury Bill, issued under the Local

Treasury Bills Ordinance (Chapter 417), or

Central Bank Security issued under the

Monetary Law Act, (Chapter 422), on or after April 1, 2002. :

For the purposes of this paragraph secondary market transaction includes a sale of a security, repurchase or reverse repurchase of a security, after the original issue of such security ; ”.