In collaboration with the Association for Financial Markets in Europe (AFME), UK Finance has conveyed its endorsement of the UK government’s Private Intermittent Securities and Capital Exchange System (PISCES) consultation. The response signifies a favourable reception to the government’s initiatives aimed at enriching the allure of the UK capital markets, especially pertaining to private capital markets.
The organisations have recognised the importance of private capital markets within the broader financial landscape and emphasized the need for measures that enable private companies to access a wider array of investment prospects. Highlighting the potential of such measures to facilitate the progression of private companies towards the public markets, UK Finance and AFME have indicated their support for the ambitious framework outlined in HMT’s proposals for PISCES.
Acknowledging the innovative nature of the PISCES model and its distinctive position within the current ecosystem, UK Finance and AFME have underscored the significance of clearly defining the overall positioning of PISCES before delineating specific regulatory guidelines. The response submitted by the organisations outlines various considerations that should be factored in when crafting an effective regulatory framework for PISCES.
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