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Redesign for UK private stock exchange plan aims to silence skeptics

By Sofia Gerace ( November 26, 2024, 16:10 GMT | Comment) -- Skepticism over the UK's plans for "Pisces," a regulated private stock exchange billed as a world first, appears to be fading thanks to a redesign of the proposal in response to industry worries. The final draft proposal makes the private intermittent trading venue more accessible by removing some of the strict requirements that companies face when they enter a public market.UK plans for a "world-first" regulated venue for privately held companies to trade shares has moved forward with the government committing to introducing legislation by next May — but as important as some clarity in the timeline are tweaks designed to soothe industry worries....

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