Brief

"On April 10, 2025, the Financial Conduct Authority issued an update regarding Update on PISCES and pre-application support. The Authority is helping industry get ready for the Private Intermittent Securities and Capital Exchange System (PISCES) sandbox by providing early updates on potential changes to their final rules. Feedback received during the consultation has been reviewed, with some minor technical changes proposed to align PISCES with private market practice."

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Financial Conduct Authority

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