Swedish Government Appoints Commission to Analyze Crowdfunding

per-bolund-pressThe Swedish government announced last week it had appointed a commission to investigate crowdfunding and the potential for improved opportunities to provide access to capital.

Swedish Finance Minister Per Bolund stated there was a need for innovative solutions for the funding of small and emerging companies. As crowdfunding is growing rapidly, the Minister said there was a need to review the regulation of the market.  Today there are several well-known crowdfunding platforms operating in Sweden. The development should be promoted while maintaining confidence in the sector along with a high degree of consumer protections,  he explained.

A former Supreme Court Justice, Severin Blomstrand, was appointed to chair the review. Minister Per Boland stated;

“I am very glad Severin Blomstrand accepted the assignment because he maintains a solid knowledge of all relevant legal areas. He also has a long experience in the judiciary committee with the corresponding experience of the intersection between new technology and law.”

The report by the Commission is expected to be published “no later” than December 29, 2017 – which provides extensive time for a review.

 



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