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Concerns raised over sustainability and market abuse as FCA rings bell on PISCES launch

News RoomBy News RoomJune 10, 2025
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In a statement today (10 June) on the inauguration of the Private Intermittent Securities and Capital Exchange System (PISCES), the regulator said PISCES meets the demand of companies staying private for longer. 
Emma Reynolds, economic secretary to the Treasury, welcomed the FCA’s regulatory framework, which follows the release of the Treasury’s legislative framework last week. 
“PISCES is a great example of industry, regulators and the government working together to go further and faster on innovative reforms to strengthen UK capital markets, supporting economic growth and putting m…

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