- NSX RECOGNISED BY HM REVENUE AND CUSTOMS
- NEW ADVANTAGES FOR UK RESIDENTS TO HOLD SHARES LISTED ON NSX
NSX LIMITED (ASX:NSX) is pleased to announce that the National Stock Exchange of Australia Limited (NSX) has been designated as a recognised stock exchange for purposes of UK Income Tax Act by HM Revenue and Customs. This opens the way for investors in the United Kingdom to include NSX listed stocks in their tax advantaged Individual Savings Accounts (ISAs).
Announcing the recognition, NSX Chief Executive Mr Emlyn Scott said "Designation as a recognised stock exchange by HMRC is an important step for NSX, validating the links we are making with companies, investors and advisers across global capital markets. Putting companies together with capital is what we do. This designation means investment by UK residents into NSX listed companies just got even more attractive."
"NSX has a unique model. We recognise that capital markets are global and investors seek great companies wherever they may be located. We also understand that Australia is held in high regard by investors and that global investors look to NSX with confidence. Being a recognised stock exchange for purposes of section 1005 of the Income Tax Act (2007) (UK) opens up the GBP443 billion pool of capital held in UK's tax advantaged ISA structure to companies listed on NSX" Mr Scott said.
Mr Scott said that with today's announcement, NSX expected more enquiries from companies seeking investment from the UK and Europe.
