With effect from April 2015 the Market Value of Shares, Securities and Strips Regulations 2015 (SI 2015/616) provides that the market value of shares or securities listed in The Stock Exchange Daily Official List shall be:

(a)on any day the Stock Exchange is open, the lower of the two prices shown in the Stock Exchange Daily Official List for that day as the closing price for the shares, securities or strips on that day plus one-half of the difference between those two figures, and

(b)on any day the Stock Exchange is closed, that value on the latest previous day on which it was open.

Want to read more?

This content requires a Croner-i Tax and Accounting subscription.

Existing subscriber? Log in

No subscription?

Contact us to discuss your requirements.