Draft order: Recognised Stock Exchange (MICEX Stock Exchange) (Russia) Designation Revocation Order 2022

In light of ongoing restrictions on dealing on the Moscow stock exchange on behalf of UK investors, HMRC considers it inappropriate that it continues to be designated as a recognised stock exchange under section 1005, Income Tax Act 2007.

If such restrictions are ongoing on 5 May 2022, HMRC proposes to make an order to revoke its designation.

The order will preserve the status of existing investments for existing investors.