The UK's FCA proposes PISCES, a new system for trading shares in private firms, to boost capital markets.

The UK's Financial Conduct Authority (FCA) is proposing a new system called PISCES, which would allow trading in shares of privately-owned firms. This initiative aims to provide more funding opportunities for private companies and diversify investment options for investors. The FCA and Treasury view PISCES as a way to boost Britain’s capital markets, though some worry it could discourage companies from going public. The framework is expected to go before parliament after a consultation period.

3 months ago
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