UK Finance and AFME respond to HMT’s Private Intermittent Securities and Capital Exchange System (PISCES) statutory instrument consultation

We continue to be supportive of the PISCES initiative and the objective of giving private companies greater flexibility to access broad investment and, ultimately, transition towards the public markets.

Overall, we consider that the draft PISCES statutory instrument effectively reflects HMT’s stated intentions. In our response we have noted some areas where further clarity will be helpful for market participants who will be involved in PISCES.

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