STSM041320 - Exemptions and reliefs: exemptions: growth market shares - recognised growth markets - how to qualify as a recognised growth market - application process

There is no specific form to complete when applying to HMRC for recognised growth market status. Any request needs to be in writing and include evidence demonstrating that the market is a recognised stock exchange or (with effect from 1 January 2024) a Financial Conduct Authority (FCA) regulated multilateral trading facility (MTF) and one of the two additional conditions is met. Details on the conditions are at STSM041290, STSM041300 and STSM041310.

Applications should be emailed to: [email protected].

HMRC will process the application as quickly as possible and aim to respond within 28 days. If the application is accepted, HMRC will issue a letter of approval. A list of recognised growth markets is at STSM041330.

Once the market is approved, HMRC will contact Euroclear UK & International (EUI) to ensure that the CREST settlement system is updated.