Written Question·Treasury·UIN 57791

PISCES

Tabled: 5 June 2025

Answered: 12 June 2025

Question

Blake Stephenson

To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of the introduction of the Private Intermittent Securities and Capital Exchange System on economic growth; and when the regulatory framework for that system will

Answer

Emma Reynolds

In May 2025, the government delivered legislation to establish the Private Intermittent Securities and Capital Exchange System (PISCES). An impact assessment was published alongside it. The Financial Conduct Authority (FCA) published their rules underpinn...

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