BSX Exchange Recognised By Revenue Ireland
The Bermuda Stock Exchange [BSX] announced that Revenue Ireland, Irish Tax and Customs, has confirmed that the BSX is a Recognised Stock Exchange for the purposes of Section 64 of Ireland’s Taxes Consolidation Act 1997.
In making the announcement BSX Chief Compliance Officer James McKirdy stated, “Receiving confirmation by the Irish tax authorities that the BSX is considered a Recognised Stock Exchange for the purposes of Section 64 of Ireland’s Taxes Consolidation Act 1997, is a very positive step forward for the BSX international debt listing platform.
“This BSX has seen steady growth in its international debt listing business over the last 18 months with over 50 new debt listings. This confirmation is an excellent way to begin 2016.”
The BSX said the essential function of the designation is to articulate the tax treatment for listed debt vehicles deemed to be quoted Eurobonds.
Designations, recognitions and affiliations received to date by the BSX include:
- Recognised Investment Exchange by the Bermuda Monetary Authority;
- Designated Offshore Securities Market by the US Securities and Exchange Commission;
- Full Membership of the World Federation of Exchanges;
- Affiliate Member of IOSCO;
- Approved Stock Exchange under the Australian Foreign Investment Fund taxation rules;
- Recognised Stock Exchange, HM Revenue & Customs;
- Designated Investment Exchange, Financial Conduct Authority; and
- Designated Stock Exchange, Ministry of Finance, Canada
