Third, the government also proposes to modernise the definition of a 'recognised stock exchange' for tax purposes to allow shares traded on other regulated markets under MiFID to benefit from the same tax arrangements that currently apply only to the LSE.
This will allow shares listed by the UK Listing Authority and traded on a regulated market under MiFID to be held in an Individual Savings Account or to meet the listing requirement to be a UK Real Estate Investment Trust.
UK Treasury to expand choice, increase competition in financials trading UPDATE