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FCA spends £1.7m on Pisces private stock market work

City Correspondent

The UK regulator's work developing Pisces has involved spending more than £600,000 on external contractors

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The Financial Conduct Authority has spent almost £1.7m developing a regime for a new type of private stock market that the UK government hopes will boost public listings.

Between December 2023 and July 2025, the City regulator spent £1.66m on work related to the Private Intermittent Securities and Capital Exchange System, the FCA told 

 in response to a Freedom of Information Act request.

City regulator is gearing up for private share trading later this year

Lars Mucklejohn

Finance

Financial Regulation

Investing

Stock Market

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