The HMRC announced its plan to revoke the Moscow Stock Exchange’s position as a recognized stock exchange

On April 19^th, 2022, the UK’s tax authority (HM Revenue and Customs) declared its plan to deny the Moscow Stock Exchange’s position as a recognized stock exchange. This status is a designation given by the UK tax authority for tax certain tax purposes. Hence, for example, securities traded on such a stock exchange are entitled to some tax reliefs and benefits. This move will limit access to some UK tax reliefs and treatments for prospected investments in securities traded on the Moscow Stock Exchange. It should be said that existing investments will not be affected. More information on this new measure imposed by HMRC could be found here.