IHTM18340 - Investments on alternative markets: NASDAQ

The NASDAQ Stock Market is a computerised securities market based in the USA, and is one of the largest share and securities markets in the world. The Market comprises a top tier called the National Market System and a ‘regular’' tier referred to as the National List (or non-NMS). (NASDAQ stands for the National Association of Securities Dealers Automated Quotations.)

The Board granted both tiers of the NASDAQ Stock Market recognised stock exchange status with effect from 10 March 1992.

• Accordingly, since that time, shares and securities traded on that market are classed as listed for IHT purposes.

No business relief ( IHTM25131) applies, except (rarely) for controlling shareholdings ( IHTM18335).

For transfers prior to 10 March 92, refer to the definition of “unlisted” (IHTM25193) business relief instructions.

You can find the share values from the full listing on SEDOL ( IHTM18092).