End the ISA AIM share ban

Responsible department: Her Majesty's Treasury

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.