The UK has issued the Stamp Duty and Stamp Duty Reserve Tax (Exchange Traded Funds) (Exemption) Regulations 2014. The regulation was made April 3rd 2014, and will enter into force April 28th 2014. The regulation states that stamp duty reserve tax is not chargeable on the transfer or an agreement to transfer units in an exchange traded fund. In addition, stamp duty is not chargeable on the transfer instrument.