Notice 46/99

LONDON STOCK EXCHANGE
2 August 1999

   
For the attention of the
chairman/senior partner/compliance officer,
all member firms                                                    N46/99

STOCK EXCHANGE NOTICE

CONFIRMATION OF RULE AMENDMENTS

GILT-EDGED AND FIXED INTEREST MARKET 
RULE AMENDMENTS RELATING TO TREATMENT OF ACCRUED INTEREST

1.    Stock Exchange Notice N33/99 consulted on proposed amendments to rules
relating to the calculation of accrued interest in the gilt and fixed interest
market.

2.    As a result of the consultation the rules and guidance have been amended
for general clarity and in particular with regard to the treatment of special
cum dividend transactions. 

3.    The finalised rules are set out in the attachment to this Notice and are
effective immediately.  Hole punched pages for inclusion in the rule book will
be issued shortly.

A E Scott-Bishop
Head of Regulatory Development

Any comments or queries on this Notice should be addressed to the Market
Regulation department, telephone [phone] (STX 33310).