| gen. |
established securities market (the term established securities market means, for any taxable year– (i) A foreign securities exchange that is officially recognized, sanctioned, or supervised by a governmental authority of the qualified foreign country in which the market is located, and has an annual value of shares traded on the exchange exceeding $1 billion during each of the three calendar years immediately preceding the beginning of the taxable year; (ii) A national securities exchange that ...  cornell.edu Alexander Demidov) |
