What is a ecognised exchange?
– If a stock exchange has a regulatory and supervisory regime which is up to the standards of established stock exchanges in high-tax (OECD) countries, then it may be ‘recognised’ by the authorities in some or all OECD countries. This means that securities listed on it can be offered for sale in the high-tax countries concerned, and in particular can be bought by mutual funds within high-tax country regimes.
