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The Agenda

Issue 16: December 2024

The Agenda

Editor's Note

Saul Sender - Mishcon de Reya

Our December issue of the Agenda takes stock of the changing landscape of the UK's public and private markets in securities. These developments include the Government's commitment to legislating for the Private Intermittent Securities and Capital Exchange System (PISCES) and the shifting focus of the Main Market's listing regime. The Oxford+ podcast also hears from Marcus Stuttard, head of AIM, on boosting access to finance for ambitious growth companies.

On the transactional front, we discuss the key issues to consider when engaging external corporate finance advisers. We have recently bolstered our market-leading emerging companies and venture capital practice with US expertise in the appointment of Chris Driscoll. We also look ahead to the UK's Foreign Influence Registration Scheme (IFRS) and how it will interrelate with the UK's existing NSI Act regime, in the latest briefing from our NSI Act hub

Our financial services team considers HM Treasury's consultation on "buy now, pay later" regulation and we are delighted to have recently expanded our financial services offering with the arrival of new partner Steven Haywood, who specialises in investment funds.

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corporate building

PISCES: new Government takes forward plans for trading venue for private companies

HM Treasury has confirmed its plans to proceed with the Private Intermittent Securities and Capital Exchange System (PISCES), in its response to a consultation launched under the previous Government. In her Mansion House speech on 14 November, the Chancellor said that the Government was committed to legislating to establish PISCES as "an innovative new stock market" by May 2025 to "support companies to scale and grow".

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architecture east london

Working with corporate finance advisors on M&A deals

Some of the most successful deals we work on in our M&A team at Mishcon de Reya involve early engagement by the company of an experienced and strategically focussed external corporate finance advisor. They can bring genuine value by developing a sound marketing narrative and - with the lawyers - ensuring the smooth running of the deal process.

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UK Government reform hub

Welcome to the UK Government reform hub: a place to understand and engage with significant legislative and fiscal reform.

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