Update posted

UPDATED INFORMATION

Syllabus reference

Official Training Manual ref.

Impact on live testing

23/10/2008

UPDATE

The government has announced that the Stamp Duty Land Tax (SDLT) threshold for land transactions consisting entirely of residential property will be increased from £125,000 to £175,000 for transactions with an effective date (normally completion) after 2 September 2008 and before 3 September 2009.

4.b.3

OTM Volume 1, page 118 after the table showing SDLT thresholds

Where applicable, questions will reflect this update from 1 March 2009

23/10/2008

OTM AMENDMENT

The clearing house is the TSE itself

The clearing house for trades in Japanese stocks is the Japan Securities Clearing Corporation.

3.b.1

OTM Volume 1, page 102 in section (ii) Japan, 2^nd paragraph

Where applicable, questions will reflect this update from 1 March 2009

23/10/2008

OTM AMENDMENT

In general, French government bonds are bearer bonds, and are settled one business day after the transaction.

3.b.1

OTM Volume 1, page 104, under heading ‘Bonds’, 4th paragraph

Where applicable, questions will reflect this update from 1 March 2009

14/10/2008

OTM AMENDMENT

Change in equation: £751.23 £751.32

2.b.2 (iii)

OTM Volume 2, page 30, second example equation

No impact on live testing