Question to the HM Treasury:

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.

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 efficient, while also supporting private companies prepare for an IPO in the UK.