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FCA launches consultation on new PISCES private stock market

The specially commissioned sculpture called 'The Source', by artists Greyworld is on display at the London Stock Exchange.
Photo: Scott Barbour/Getty Images

The proposals for a new private stock market have been given a boost as the UK regulator unveils plans to consult with the industry.

The Private Intermittent Securities and Capital Exchange System (PISCES) will allow shares in private companies to be bought and sold. This proposal is set to “open the door to more opportunities for investors to take stakes in private companies”, said the FCA.  

With many companies choosing to stay private