Tagged: regulations

Alberta Securities Commission Looks to Increase Crowdfunding Limits, Adds Micro Exemption

Canada Flag

The Alberta Securities Commission (ASC) in Canada has published two initiatives designed to facilitate capital-raising for SMEs. First, the ASC has adopted ASC Rule 45-517 Prospectus Exemption for Start-up Businesses (ASC Rule 45-517). Immediately available, the new rule provides a prospectus exemption for small Alberta companies… Read More

Online Lenders Policy Institute Event to Feature Congressman Patrick McHenry & Comptroller of the Currency Thomas Curry

Patrick McHenry DJ Paul

The Online Lenders Policy Institute is hosting its first “Marketplace Lending Policy Summit” in Washington, DC in September and they have two marquee names headlining the event. Congressman Patrick McHenry, an author of the JOBS Act and Fintech champion, will be one of the keynote… Read More

Dear Mr. Bailey, “The Peer-to-Peer Lending Sector Has Embraced a Level of Transparency Which is Unrivaled in Financial Services”

Dear Mr Bailey

The UK Peer to Peer Finance Association has released a letter addressed to Andrew Bailey, Chief Executive of the FCA, buttressing their position regarding the recent dialogue with the House of Commons’ Treasury Select Committee. This past June, Andrew Tyrie, MP, Chairman of the Committee,… Read More

Gillian Roche-Saunders Shares Insight into UK FCA Crowdfunding Regulatory Review

Gillian Roche-Saunders Quote

Gillian Roche-Saunders, is a partner at the law firm of Bates, Wells & Braithwaite in London.  She is a leading regulatory consultant in the Fintech sector having been engaged in alternative finance for the past five years – before the FCA jumped in to officially… Read More

A Case of Regulatory Evolution: A Review of the UK Financial Conduct Authority’s Approach to Crowdfunding

The UK Britain Market Fruit

  Across Europe, crowdfunding is quickly moving from a fringe funding instrument to becoming a mainstream – finance channel, connecting “crowds” to fund businesses, projects and individuals. In its recently published Report on Crowdfunding in the EU Capital Markets Union, the European Commission details the… Read More

FCA Prioritises Fintech Innovation & Consumer Protection in Crowdfunding Review

FCA Regulatory Review UK

The Financial Conduct Authority (FCA) will look to ensure that consumers are sufficiently protected against the risks inherent in crowdfunding while supporting innovation in the growing market in a forthcoming review of its regulation of the industry. Crowdfunding rules were introduced by the FCA in… Read More

Fact Sheet: SEC Proposes Rules to Simplify Disclosure Requirements

SEC Securities and Exchange Commission

The Securities and Exchange Commission proposed rules today to streamline and simplify certain disclosure requirements to “eliminate redundant, overlapping, outdated, or superseded provisions.” SEC Chair Mary Jo White commented on the proposal; “The proposed amendments address outdated and redundant disclosure requirements while continuing to require… Read More

Cloud Lending Solutions Adds VP of Compliance & Regulations as Regulatory Interest in Internet Finance Grows

Ileana Falticeni

As the regulatory interest rises, Fintech firms are preparing to deal with the additional scrutiny and possible new rules. Online lending SaaS solution, Cloud Lending, has hired Ileana Falticeni as its new Vice President of Compliance and Regulations to help manage the impending regulatory risk…. Read More

Here is the FCA Document Regarding Review of Crowdfunding Regulations

FCA Crowdfunding Review

In 2014 the Financial Conduct Authority (FCA) enacted new rules for the regulation of crowdfunding platforms operated by firms authorized by the FCA. At that time, the agency committed to carrying out a full post-implementation review of the crowdfunding market and regulatory framework in 2016…. Read More

UK Crowdfunding Industry Comments on FCA’s Call for Input on Rules

Adam Smith Money UK

As announced earlier today, the Financial Conduct Authority (FCA) has requested feedback from interested parties regarding the regulatory environment for debt and investment-based crowdfunding. The process is part of an anticipated periodic review of this new form of finance. Original rules were enacted in 2014…. Read More

UK P2PFA: FCA Regulatory Review is an Opportunity to Ensure Protection, Innovation & Competition

Christine Farnish

The UK Peer to Peer Finance Association (P2PFA) has released a comment on the forthcoming review of crowdfunding rules by the Financial Conduct Authority (FCA). The P2PFA called the post-implementation review of crowdfunding rules an opportunity to ensure an appropriate balance of regulation protecting investors… Read More

Financial Conduct Authority Prepares for Crowdfunding Regulatory Review

Charles Darwin Money UK

The Financial Conduct Authority (FCA) has announced a “call for input” in preparation for an expected review of existing crowdfunding regulations in the UK. The FCA will be revisiting rules surrounding investment based crowdfunding including both debt and equity. In early 2015, the FCA conducted an… Read More

German Crowdinvesting Regulation: First Year Review by the German Crowdfunding Association

Jamal El Mallouki

The Kleinanlegerschutzgesetz (Small Investor Protection Act), the law regulating crowdfunding in Germany went into force on the 10th of July 2015. A year after, the German Crowdfunding Association takes stock of its positive impact on the German crowdinvesting market and points to strong needs for… Read More

State of Washington Will Require Filing & Fee for Reg CF Issuers

parking meter time

The State of Washington has adopted rules requiring companies raising capital under Reg CF to submit notice filings, along with a fee, if the company’s principle place of business is the state of Washington.  The rule also requires a notice filing if over 50% of… Read More

Ratified! North Carolina will Finally Get a Crowdfunding Exemption

Charlotte North Carolina in Focusjpeg

The state of North Carolina appears to be ready to get their own investment crowdfunding exemption. It has taken several attempts by advocates and certain legislators but it seems the stars finally aligned as the most recent initiative was approved by the North Carolina Senate…. Read More

Competition Counts & the UK FCA Leads the Way in Regulatory Innovation

Mary Sparks

The United Kingdom has been at the forefront of Fintech innovation. While there are many reasons for the UK playing a lead role in new forms of finance several variables may be distilled from the list. First, the country is very supportive of an entrepreneurial/market-based… Read More

Way to Go Ohio: Crowdfunding Under Reg CF, Issuer in Ohio Hit with $1100 Fee by Division of Securities

John Kasich Ohio

Reg CF, or Title III of the JOBS Act of 2012, is the portion of the law that legalizes retail investment crowdfunding. The new securities exemption was largely designed to provide access to capital to those small companies that are most challenged in finding sufficient… Read More