In an effort to encourage investment in private companies, and to tempt large start-ups and scale-ups to list in London, the Financial Conduct Authority has approved ‘Pisces’ (Private Intermittent Securities and Capital Exchange System) to be run by the London Stock Exchange.
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Pisces offers a genuine opportunity to revitalise UK equity markets and restore London’s competitive edge.
These reforms should form a coherent strategy to rebuild London’s global financial centre status.
