What is Professional Securities Market (PSM)? Highlight its key features, including the types of securities it supports, the advantages it provides to issuers, and how it differs from traditional retail or equity markets

The Professional Securities Market (PSM) is an innovative, specialized market designed to suit the specific needs of issuers in London Stock Exchange. The key features of PSM market includes: It facilitates the raising of capital through the issue of specialist debt securities or depositary receipts (DRs) to professional investors. Companies wishing to raise capital may do so without the additional cost of following a retail or equity regime. As a listed, exchange-regulated market, the Professional Securities Market enables issuers to enjoy the benefits of a flexible and pragmatic approach to regulatory requirements. Issuers of debt or DRs are not required to report historical financial information to IFRS or an equivalent standard, either in listing documents or as a continuing obligation. Instead, issuers can use their domestic accounting standards.