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Faqs – What US Clients Need to Know About PISCES – a New Secondary Private Stock Market in the UK

WHAT ARE THE KEY DRIVERS FOR REFORM? The UK Treasury ("HMT") noted the following as drivers for reform: A key challenge for private companies is that, at early stages in their growth, there are no standardised ways...more

FAQs – What US Clients Need to Know About PISCES – A New Secondary Private Stock Market in the UK

WHAT ARE THE KEY DRIVERS FOR REFORM? The UK Treasury ("HMT") noted the following as drivers for reform: A key challenge for private companies is that, at early stages in their growth, there are no standardised ways...more

UK Regulatory Update Asset Management Sector - Quarterly Newsletter Q2 - 2025

FCA finalises rules for PISCES – new secondary private stock market – On 10 June 2025, the FCA issued its final rules for the Private Intermittent Securities and Capital Exchange ("PISCES"). PISCES is a new type of private...more

UK Regulatory Update - Asset Management Sector - Quarterly Newsletter Q1 2025

Mayer Brown’s UK Regulatory Update is a quarterly newsletter for the asset management sector. In this edition, covering Q1 2025, we look at consultations relating to the UK AIFMD framework, reporting and notification...more

ESMA publishes guidelines on establishing harmonised criteria for use of ESG and sustainability-related terms in fund names

On 14 May 2024, the European Securities and Markets Authority ("ESMA") published its final report on "Guidelines on funds’ names using ESG or sustainability-related terms" (the "Guidelines"). The Guidelines aim to provide...more

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