Proposed by the previous chancellor Jeremy Hunt in March’s Spring Price range, the scheme would search to create a world-first regulated marketplace for buying and selling personal firm shares, with transfers set to be exempt from stamp responsibility taxes on shares.Â
The earlier authorities’s imaginative and prescient for PISCES included a mix of options of public markets, together with multilateral buying and selling, and points of personal markets, akin to better discretion on which firm disclosures needs to be made public.
As such, the system is designed to facilitate entry to capital and improved liquidity for early-stage personal companie…
