Nabarro summary of FCA policy statement 14/4

Briefing 27 March 2014 FCA publishes policy statement on crowdfunding regulation Author: Sam Robinson Partner T + 44 (0)20 7524 6836 sj.robinson@nabarro.com View profile Co – Author: John Finnemore Senior Associate T + 44 (0)20 7524 6432 j.finnemore@nabarro.com Summary and implications On 6 March 2014, the Financial Conduct Authority (FCA) published Policy Statement 14/4 (Policy Statement) outlining the FCA’s final rules on the...

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Results of the EU Commission's consultation on crowdfunding

Results of the EU Commission's consultation on crowdfunding

Today, the EU commission announced the results of the consultation on crowdfunding.  893 responses were received.  All  available to read under further links in this document: http://ec.europa.eu/internal_market/consultations/2013/crowdfunding/index_en.htm

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EU commission issues press release on crowd funding

EU commission issues  press release on crowd funding

http://europa.eu/rapid/press-release_MEMO-14-240_en.htm   Crowdfunding offers many benefits that fit in with the wider objectives of the European Commission. The European Council in its June 2013 conclusions emphasised the need to develop alternative sources of financing in close cooperation with Member States. The Entrepreneurship 2020 Action Plan (see IP/13/12) aims to increase the level of employment through reinforcing...

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UK Crowdfunding association comments on Chancellor's statement

UK Crowdfunding association comments on Chancellor's statement

We were delighted to read the details of the Chancellor’s statement extending ISA eligibility to peer to peer and peer to business loans, and committing to exploring the inclusion of bonds offered via crowdfunding platforms.   This comes less than a week after the FCA published their new rules on both investment and loan based crowdfunding, and is a further sign that the industry is coming of age.   The UK Crowdfunding Association...

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UK Crowdfunding Association's response to FCA policy statement

UK Crowdfunding Association's response to FCA policy statement

06.03.14 1200hrs RESPONSE TO FCA ANNOUNCEMENT ON CROWDFUNDING REGULATIONS We welcome today’s announcement, and the clarity it gives on how different forms of crowdfunding will be regulated from April this year. We are pleased that rewards based crowdfunding and community raises remain outside of regulation. Equity investments in early stage businesses are open to all, and the FCA have provided further clarity that the initial 10% cap...

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