Countries where a stock exchange operating within the law of that country is an HMRC recognised stock exchange
HM Revenue & Customs
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GOV.UK
This guide shows the recognised stock exchanges known to be operating within each jurisdiction and shows the date of recognition for each jurisdiction.

The table below also provides guidance, based on the most up to date information held, about whether shares and securities admitted to the markets of a recognised stock exchange are likely to meet the section 1005(3) Income Tax Act 2007 definition of ‘listed on a recognised stock exchange’. However, whether a share or security is ‘listed’ is a question of fact, and HMRC does not designate ‘listed’ status.

Austria

The date of recognition for jurisdiction in Austria is 22 October 1970.

Recognised stock exchanges

The recognised stock exchange in Austria is the Vienna Stock Exchange.

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Vienna Stock Exchange Amtlicher Handel (official market)

Geregelter Freiverkehr (semi-official market)

The Geregelter Freiverkehr (semi-official market) was merged into Amtlicher Handel (official market) forming one single market named Amtlicher Handel (Official Market) Vienna MTF

Belgium

The date of recognition for jurisdiction in Belgium is 22 October 1970.

Recognised stock exchanges and their markets with and without listed securities

The recognised stock exchanges in Belgium are:

NYSE Euronext Brussels

Le marche hors bourse des obligations linearies, des titres scindes et des certificats de tresorerie

Listed status of markets on the stock exchange

Stock exchange Listed Not listed NYSE Euronext Brussels

(Previously known as the Brussels Stock Exchange) NYSE Euronext Brussels NYSE Alternext Le marche hors bourse des obligations linearies, des titres scindes et des certificats de tresorerie Entire market —

Canada

The date of recognition for jurisdiction in Canada is 22 October 1970.

Recognised stock exchanges

The recognised stock exchanges in Canada are the:

Toronto Stock Exchange

Montreal Stock Exchange

Toronto Venture Exchange (TSX Venture Exchange)

Canadian Securities Exchange (previously know as the Canadian National Stock Exchange)

Any Canadian stock exchange designated as a Designated Stock Exchange for the purpose of the Canadian Income Tax Act is a recognised stock exchange for UK tax purposes.

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Toronto Stock Exchange Entire stock exchange — Montreal Stock Exchange Entire stock exchange — Toronto Venture Exchange (TSX Venture Exchange) Tiers 1 and 2 only NEX Canadian Securities Exchange (previously known as the Canadian National Stock Exchange) Entire stock exchange —

France

The date of recognition for jurisdiction in France is 22 October 1970.

Recognised stock exchanges

The recognised stock exchanges in France are:

Euronext Paris SA

MATIF

MONEP

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Euronext Paris SA

(previously known as the Paris Stock Exchange and NYSE Euronext Paris) Euronext Paris Euronext Growth Paris (previously known as NYSE Alternext)

Euronext Access Paris MATIF MATIF — MONEP MONEP —

Germany

The date of recognition for jurisdiction in Germany is 5 August 1971.

Recognised stock exchanges

The recognised stock exchanges in Germany are the:

Frankfurt Stock Exchange

Berlin Stock Exchange

Dusseldorfer Stock Exchange

Hamburg Stock Exchange

Hannover Stock Exchange

Munich Stock Exchange

Stuttgart Stock Exchange

Risk Management Exchange Hannover

European Energy Exchange

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Frankfurt Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets Berlin Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry marketss

May also be known as open or unofficial markets Dusseldorfer Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets Hamburg Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets Hannover Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets Munich Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets The Stuttgart Stock Exchange Amtlicher

Geregelter

(both now known as Regulierter Markets) Freiverkehr markets

Entry markets

May also be known as open or unofficial markets Risk Management Exchange Hannover Geregelter — European Energy Exchange Entire market —

Guernsey

The date of recognition for jurisdiction in Guernsey is 20 December 2013.

Recognised stock exchanges

The recognised stock exchange in Guernsey is the International Stock Exchange (TISE).

Listed status of markets on the stock exchange

Stock exchange Listed Not listed The International Stock Exchange Whole market —

Hong Kong

The date of recognition for jurisdiction in Hong Kong is 26 February 1971.

Recognised stock exchanges

The recognised stock exchange in Hong Kong is the Hong Kong Stock Exchange.

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Hong Kong Stock Exchange Main Board The Growth and Enterprise Market (GEM)

Ireland (Republic of)

The date of recognition for jurisdiction in the Republic of Ireland is 22 October 1970.

Recognised stock exchanges

The recognised stock exchange in the Republic of Ireland is the Irish Stock Exchange (trading as Euronext Dublin).

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Irish Stock Exchange (trading as Euronext Dublin) Euronext Dublin (until 4 February 2019 this market was known as the ‘Main Market’)

The Global Exchange Market (GEM) formerly the Alternative Securities Market (ASM) Euronext Growth (until 4 February 2019 this market was known as the ‘Enterprise Securities Market’)

Italy

The date of recognition for jurisdiction in Italy is 3 May 1972.

Recognised stock exchanges

The recognised stock exchanges in Italy are:

the Italian Stock Exchange (Borsa Italiana)

wholesale Italian and foreign government bond market (MTS)

wholesale trading in non-government bonds and securities issued by international organisations with government participation (MTS Corporate)

wholesale online trading in government bonds (Bond Vision)

TLX Market

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Italian Stock Exchange (Borsa Italiana) The Electronic Share Market (MTA)

(The STAR market is a market of the MTA)

MTAX Market

Expandi Market

Electronic Bond Market (MOT)

Electronic open-end funds and ETCs market (ETF- Plus)

Electronic securitised derivatives market (SeDex)

Italian derivatives market for the trading of the financial instruments referred to in Articles 1(2)(f) and 1(2)(i) of the Consolidated Law on Finance (IDEM) — Wholesale Italian and foreign government bond market (MTS) Entire market — Wholesale trading in non-government bonds and securities issued by international organisations with government participation (MTS Corporate) Entire market — Wholesale online trading in government bonds (Bond Vision)

TLX Market Entire market —

Japan

The date of recognition for jurisdiction in Japan is 22 October 1970.

Recognised stock exchanges

The recognised stock exchanges in Japan are the:

Tokyo Stock Exchange

Nagoya Stock Exchange

Osaka Stock Exchange

Sapporo Securities Exchange

JASDAQ

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Tokyo Stock Exchange Main Board

The Mothers Market — Nagoya Stock Exchange Main market — Osaka Stock Exchange Main market — 1st and 2nd sections — The Sapporo Securities Exchange Main market — JASDAQ

(the JASDAQ qualified as an RSE from 3 December 2004 — prior to then it operated as an over the counter market and was not a RSE) Main market —

Luxembourg

The date of recognition for jurisdiction in Luxembourg is 21 February 1972.

Recognised stock exchanges

The recognised stock exchange in Luxembourg is the Luxembourg Stock Exchange.

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Luxembourg Stock Exchange Bourse de Luxembourg

Euro MTF —

Netherlands

The date of recognition for jurisdiction in Netherlands is 22 October 1970.

Recognised stock exchanges

The recognised stock exchanges in Netherlands are:

NYSE Euronext Amsterdam

Endex

MTS Amsterdam

Listed status of markets on the stock exchange

Stock exchange Listed Not listed NYSE Euronext Amsterdam

(Previously known as the Amsterdam Stock Exchange) Euronext Amsterdam Cash Market

Euronext Amsterdam Derivatives Market NYSE Alternext Endex Endex — MTS Amsterdam MTS Amsterdam —

Norway

The date of recognition for jurisdiction in Norway is 22 October 1970.

Recognised stock exchanges

The recognised stock exchanges in Norway are:

Oslo Børs (Oslo Stock Exchange)

Nasdaq Oslo (formerly Nord Pool and formerly NASDAQ OMX Oslo)

Fish Pool — derivatives market (commodity)

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Oslo Børs (Oslo Stock Exchange) Oslo Børs

Euronext Expand Oslo (formerly Oslo Axess)

Nordic Alternative Bond Market (ABM) Euronext Growth Oslo (formerly Merkur Market) Fish Pool Fish Pool (Derivatives market) — Nasdaq Oslo (formerly Nord Pool and formerly NASDAQ OMX Oslo) Nasdaq Oslo (Derivatives market) —

Portugal

The date of recognition for jurisdiction in Portugal is 21 February 1972.

Recognised stock exchanges

The recognised stock exchanges in Portugal are:

NYSE Euronext Lisbon

Mercado de Futuros e Opcoes (Futures and options market)

MEDIP — Mercado Especial de Divida Publica (Special market for public debt)

Listed status of markets on the stock exchange

Stock exchange Listed Not listed NYSE Euronext Lisbon

(Previously known as the Lisbon Stock Exchange) Official listing market — Mercado de Futuros e Opcoes (Futures and options market) Entire market — MEDIP — Mercado Especial de Divida Publica (Special market for public debt) Entire market —

Spain

The date of recognition for jurisdiction in Spain is 5 August 1971.

Recognised stock exchanges

The recognised stock exchanges in Spain are:

Bolsa de Valores in Barcelona

Bolsa de Valores in Bilbao

Bolsa de Valores in Madrid

Bolsa de Valores in Valencia

Mercados oficiales de Productos Financieros Derivados

Mercado MFAO de Futuros del Aciete de Oliva

AIAF Mercado de Renta Fija

Mercados de Deuda Publica en Anotaciones

Portfolio Stock Exchange

Listed status of markets on the stock exchange

Stock exchange Listed Not listed Bolsa de Valores in Barcelona Entire market — Bolsa de Valores in Bilbao Entire market — Bolsa de Valores in Madrid Entire market — Bolsa de Valores in Valencia Entire market — Mercados oficiales de Productos Financieros Derivados 1. MEFF Renta Fija

2. Renta Variable — Mercado MFAO de Futuros del Aciete de Oliva Entire market — AIAF Mercado de Renta Fija Entire market — Mercados de Deuda Publica en Anotaciones Entire market — Portfolio Stock Exchange — Entire market

United States of America

The date of recognition for jurisdiction in United States of America is 22 October 1970.

Recognised stock exchanges

A stock exchange in the USA is a recognised stock exchange for UK tax purposes if it meets the following: ‘Any exchange registered with the Securities and Exchange Commission of the United States (SEC) as a national securities exchange under section 6 of the Securities Exchange Act of 1934 is a recognised stock exchange for UK tax purposes’.

The recognised stock exchanges in United States of America are:

BATs Exchange Inc

Boston Stock Exchange

Chicago Board Options Exchange

Chicago Stock Exchange

International Securities Exchange

National Stock Exchange

New York Stock Exchange

NYSE MKT

NYSE Arca

NASDAQ OMX PHLX

NASDAQ

Listed status of markets on the stock exchange