The FCA has published a consultation paper CP24/29 on the Private Intermittent Securities and Capital Exchange System (PISCES), setting out its proposals on how PISCES, which will operate as a marketplace for buyers and sellers of shares in private (i.e. unlisted) companies, might work in practice.
The consultation follows the publication by HM Treasury in November 2024 of its statutory instrument (SI) and policy note establishing the statutory framework for PISCES.
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