Three Decades of AIM: celebrating growth, jobs and Opportunity June 19, 2025 Since 1995 AIM has helped more that 4,000 firms raise over £130bn of capital and helped launch household names like Jet2 and Fever-tree, says city minister Emma Reynolds This year marks the 30th anniversary of the London Stock Exchange’s Alternative Investment Market (AIM) — a milestone that offers a moment to reflect on the transformative [...]
Pisces edges closer to fruition after Avenir launches securities register June 17, 2025 Pisces edged a step closer to fruition today after one of Britain’s best-known share registrars launched a new set of products set to be compatible with the new market framework. London-based Avenir Registrars has launched its new “Register-lite” suite of products, designed to accommodate the needs of growth companies, including those who may be considering [...]
Could Pisces replace AIM, or will it crash and burn? June 12, 2025 The FCA’s rules on the new Pisces private market framework have been published. It’s now over to exchange groups to apply to become operators, with trading expected to commence before the end of the year. It’s hoped these new types of platform, which facilitate the trading of shares in private companies, will address a long-standing [...]
FCA lays out Pisces rules with trading to begin later this year June 10, 2025 The UK’s financial regulator has published its rulebook for the new Pisces market framework, laying the ground for trading to commence later this year. The new type of platform, which facilitates the trading of shares in private companies, promises to address a long-standing liquidity gap for growth companies and early investors, offering a potential bridge [...]
Pisces: FCA’s private stock market will worsen FOMO investing June 5, 2025 The FCA's new private stock market Pisces comes into force today, but Carrie Osmon warns the framework risks worsening FOMO investing.
Pisces has the potential to flourish – if the FCA plays its cards right May 21, 2025 New Pisces markets could begin trading before the end of this year, in what the government hopes will be a boost for fast-growing companies in search of a stepping stone before reaching IPO. The framework, known as the Private Intermittent Securities and Capital Exchange System, will allow the creation of a new type of private [...]
Exclusive: Government adds employee tax break to Pisces May 15, 2025 The government has introduced legislation for the new ‘Pisces’ market designed to allow trading for private companies, extending share tax breaks for employees to the platform, City AM can reveal. Pisces—the Private Intermittent Securities and Capital Exchange System—was devised by the previous government as part of an effort to revive UK capital markets. The platform [...]
Is Pisces a solution looking for a problem? February 28, 2025 There’s a good reason no other jurisdiction has created a regulated private stock market… argues Delphine Currie Imitation, it is often said, is the sincerest form of flattery, so it’s perhaps for that reason that, in November of last year, the Chancellor resuscitated the previous government’s plans for the world’s first regulated private stock market. [...]
Pisces: City figures raise concerns over viability of private market February 26, 2025 City figures have raised concerns over the Financial Conduct Authority’s plan for the new ‘Pisces’ market designed to allow share trading for private companies, warning that the scheme could “undermine the credibility of UK markets”. Pisces—the Private Intermittent Securities and Capital Exchange System—was devised by the previous government as part of efforts to revive UK [...]
Planes and trains are great, but Reeves must fix financial infrastructure too January 30, 2025 New rail projects and reservoirs are welcome, but if Rachel Reeves really wants Britain to be a better place to do business, she must modernise the City too, says Chris Elms In her speech yesterday , the Chancellor Rachel Reeves spoke of her plans to better link the high-productivity areas of Oxford and Cambridge and [...]