- any market of a recognised investment exchange which is for the time being designated as a recognised stock exchange for the purposes of Section 1005 of the Income Tax Act 2007 by an order made by the Commissioners for HMRC
- any market outside the UK which for the time being so designated
You can view a list of stock exchanges that have been designated as 'recognised stock exchanges'.
The phrase 'listed on a recognised stock exchange' in respect of shares and securities is now defined at section 1005(4) Income Tax Act (ITA) 2007 and means shares and securities which are admitted to trading on that exchange and included in the official UK list maintained by the Financial Conduct Authority as the UK Listing Authority or are officially listed in a qualifying country outside the UK in accordance with provisions corresponding to those generally applicable in EEA states.
Shares admitted to trading on EEA markets included in Tables 1 and 2 can qualify for