Written Question·Treasury·UIN 55722

PISCES

Tabled: 30 May 2025

Answered: 9 June 2025

Question

Callum Anderson

To ask the Chancellor of the Exchequer, what assessment her Department has made of the potential impact of the introduction of the Private Intermittent Securities and Capital Exchange System on SME listings on UK capital markets.

Answer

Emma Reynolds

The Private Intermittent Securities and Capital Exchange System (PISCES) seeks to complement the government’s wide ranging and ongoing reforms to boost the UK as a listing destination. PISCES aims to make private secondary markets more transparent and eff...

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