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Recognised stock exchange
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Recognised stock exchange
Practical Law UK Glossary 2-200-8362
(Approx. 5 pages)
Glossary
Recognised stock exchange
Defined in section
1137
of the
Corporation Tax Act 2010
and in
section 1005
of the
Income Tax Act 2007
as:
Any market of a
recognised investment exchange
that is designated as a recognised stock exchange by
HM Revenue & Customs
(HMRC).
Any non-UK stock exchange that is designated as a recognised stock exchange by HMRC.
The term "recognised stock exchange" is used in aspects of tax legislation and practice including:
The definition of
close company
.
The quoted Eurobond exemption from
withholding tax
.
Statutory provisions and HMRC guidance relating to
employees' share schemes
(for more information, see
Practice note, Recognised stock exchanges: significance for share schemes
).
The definition of investments that may be held in
PEPs
and
ISAs
.
For further information about markets that are currently recognised stock exchanges, see
HMRC: Recognised stock exchanges
.