The Financial Conduct Authority (FCA) recently granted JP Jenkins approval to operate as a PISCES (Private Intermittent Securities and Capital Exchange System) platform. This is the second such endorsement, following the London Stock Exchange Group (LSEG)‘s approval in September. The aim of the PISCES initiative is to boost the private securities market in the UK.
This action continues the FCA’s drive to create a stronger, more efficient private markets environment. The PISCES platform allows companies to intermittently trade their private securities. Consequently, businesses can raise capital without needing a continuous market, providing a flexible alternative to traditional public markets.
As a certified PISCES operator, JP Jenkins can now offer a novel platform for private securities exchange. This could potentially diversify and energise the private market. It presents a broader range of investment opportunities for investors and a new capital raising avenue for companies.
The PISCES Initiative: A Blessing for the Private Market
The FCA’s approval of JP Jenkins underlines the regulator’s dedication to enhancing the private securities market. Through the operation of PISCES platforms, the FCA seeks to establish a more accessible, efficient market for private capital. This is especially beneficial for companies looking to raise funds without the strict requirements and complexities of public markets.
But the PISCES initiative isn’t just a boon for businesses; investors also stand to gain. It broadens the spectrum of investment options, enabling investors to diversify their portfolios beyond traditional public securities. Additionally, by improving transparency and market efficiency, it creates a safer, more dependable investment environment.
The LSEG’s initial approval as a PISCES operator in September marked a significant step in the FCA’s mission to boost the private securities market. Now, the subsequent approval of JP Jenkins signifies steady progress in this direction. The growing number of PISCES platforms is predicted to energise market activity and nurture a more vibrant private securities ecosystem.
