IHTM18341 - Investments on alternative markets: EASDAQ/NASDAQ Europe

Established in 1996, EASDAQ (European Association of Securities Dealers Automated Quotations) was an electronic stock market, based in Belgium and trading stocks and shares across Europe independently from any national market.

In March 2001, NASDAQ ( IHTM18340) acquired majority ownership of EASDAQ. Shortly afterwards, EASDAQ was then restructured into a pan-European market called NASDAQEurope.

Before 28 November 2001

Before this date, the Board had given EASDAQ/ NASDAQ Europe recognised stock exchange status.

• Accordingly, shares and securities traded on that market were listed for IHT purposes, and
• business relief ( IHTM25131) is not available, except (rarely) for controlling shareholdings ( IHTM18335).

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

From 28 November 2001

The Board revised its definition of a recognised stock exchange and from this date NASDAQ Europe shares are no longer recognised as listed. Shares are to be treated as unlisted for, and only for, the purposes of business relief, loss on sale of shares relief ( IHTM34131) and instalments ( IHTM18334).

Undertake the usual checks ( IHTM18333) to establish availability of business relief.

• You can still find the value of the shares on SEDOL, as for listed shares.