Borsa İstanbul Accepted as a Recognised Stock Exchange by His Majesty’s Revenue and Customs

Borsa İstanbul has been accepted as a “Recognised Stock Exchange” by His Majesty’s Revenue and Customs (HMRC). Aiming to make our capital markets more visible and accessible particularly among UK-based investors, Borsa İstanbul, with this step, also contributes to efforts to increase foreign investors interest in our markets.

With Borsa İstanbul being accepted as a “Recognised Stock Exchange”, it will be possible for investors resident in the United Kingdom to benefit from tax advantages on their investments in our capital markets. Income earned by holders of Individual Savings Accounts (ISA) from their investments in “Recognised Stock Exchanges” is exempt from taxation in the United Kingdom. In addition, lease certificates traded on “Recognised Stock Exchanges” are evaluated under the category of “Alternative Finance Investment Bonds” in the United Kingdom. This simplifies investors’ decision-making and reporting processes and reduces the compliance burden.

A “Recognised Stock Exchange” is a designation attributed by His Majesty’s Revenue and Customs to qualified exchanges that meet certain criteria. Any exchange being a “Recognised Stock Exchange” means that it is officially recognised within the scope of United Kingdom tax legislation. “Recognised Stock Exchanges” include major exchanges operating in various countries such as the “New York Stock Exchange”, “Nasdaq”, “Euronext”, “London Stock Exchange”, “Cboe Europe”, “SIX Swiss Exchange”, “Korea Exchange”, “Singapore Exchange”, “Hong Kong Exchanges and Clearing”, and “Japan Exchange Group”.