Abolition of stamp duty on ISDX Growth Market securities
From 28th April 2014, subject to formal approval, stamp duty will no longer apply to shares bought on the ISDX Growth Market.
HMRC intend to abolish the tax for shares admitted to trading on "recognised growth markets”. This new exemption seeks to boost equity investment into small and medium sized businesses on ISDX and marks another positive development for the Growth Market.
Following recent amendments by the Government to the ISA Regulations 1998 which came into force on 5 August 2013, ISDX is delighted to confirm that shares admitted to trading on its ISDX Growth Market (a Recognised Stock Exchange) are now qualifying investments for stocks and shares ISAs. Please click here for an updated version of the updated ISA Regulations.
ISDX helps a wide range of companies to achieve their objectives, whether through the ISDX Growth Market or the ISDX Main Board.
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Publication of new regulatory framework for ISDX
Following the recent market consultation ISDX has launched its new regulatory framework for the ISDX Growth Market, involving amendments to both the ISDX Rules for Issuers and the ISDX Corporate Adviser Handbook. A market notice has been issued confirming the rule changes.
To view full details of the changes to the regulatory framework, together with feedback from the consultation process, click here.
Reports & analysis
Independent reports and analysis prepared by third parties on selected companies admitted to the ICAP Securities & Derivatives Exchange.
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