Stock Exchange of Mauritius designed as recognized exchange by UK Revenues & Customs
With effect 31 January 2011, the Stock Exchange of Mauritius has been designated by the United Kingdom’s Her Majesty’s Revenue and Customs as a “recognized Stock Exchange”. As a result, securities admitted to trading and listed on the official market of the Stock Exchange of Mauritius will meet the UK HMRC interpretation of “listed” while those listed on the Development and Enterprise Market will not meet the British authority’s definition of “listed”. Under this designation, SEM will also be regarded as a ‘recognized Stock Exchange’ for inheritance tax purposes.