Submitted on Monday 5th September 2011
Published on Tuesday 13th September 2011
Current status: Closed
Closed: Thursday 13th September 2012
Signatures: 2,717
End the ISA AIM share ban
The ban on AIM-listed shares being held within a self-select ISA deprives Britain's small and medium enterprises of a substantial source of capital - the private investor.
The ban complicates the management of investments (e.g. when companies move from the Main Market to AIM) and denies the public a tax efficient wrapper for smallcap investments - a vital part of a diversified portfolio.
The ban is also an unwelcome complication the ISA investment rules.
Private investors are a considerable source of capital and liquidity to the UK's smaller listed companies. The ISA ban on AIM shares forces private investors to direct their money elsewhere at a time when the UK's small and medium-sized companies have been identified as key players in the economic recovery.
End the ban.
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