Tagged: regulations

November 20, 2016 @ 12:07 pm By Jihoon Yeon  |  

The Amendments to the Financial Investment Services and Capital Markets Act (the Capital Markets Act) passed the South Korean Parliament in July 2015 and went into effect on January 25th, 2016, laying the framework for investment crowdfunding in South Korea. The adoption of investment crowdfunding… Read More

November 18, 2016 @ 10:08 am By JD Alois  |  

At the SEC Government-Business Forum on Small Business Capital Formation yesterday (November 17, 2016), David Feldman a securities attorney with Duane Morris, delivered a brief update on Regulation A+ as created by Title IV of the JOBS Act of 2012.  This updated securities exemption became actionable… Read More

November 16, 2016 @ 12:00 pm By Samuel Guzik  |  

With a new administration set to take the reins of power in the White House in January 2017, not to mention a new, Republican appointed Chair of the SEC in the offing, when it comes to the interests of small business’s access to capital, many… Read More

November 16, 2016 @ 8:16 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published its Fintech “regulatory sandbox” guidelines. The intent is to encourage and enable experimentation of solutions that leverages technology innovatively to deliver improved financial products and services to both consumers and businesses. The Sandbox guidelines have incorporated feedback… Read More

November 11, 2016 @ 12:33 pm By Jason Best & Sherwood Neiss  |  

How Donald Trump Can Leverage Crowdfunding Under Reg CF to Double GDP Growth President-elect Trump made it a hallmark of his campaign to double GDP growth. According to Karen Kerrigan, President of the Small Business and Entrepreneurship Council; “His agenda of lowering taxes, simplifying the… Read More

November 10, 2016 @ 9:58 am By Erin Hobey  |  

Currently Russia’s emerging crowdfunding sector accounts for less than 500 million rubles (USD 7,748,755) in total liabilities, and shows disproportion of different segments and high volatility. The Central Bank of Russia (CBR) has initiated a working group of market experts from more than ten local crowdfunding platforms for the development… Read More

November 9, 2016 @ 5:34 pm By JD Alois  |  

Soon the dust will will settle and the collective surprise of a Donald Trump Presidency will sink in and the United States will move forward. On top of a populist Trump administration, the Republican Party will control both houses of Congress. This is a combination… Read More

November 9, 2016 @ 9:17 am By JD Alois  |  

Here is an interesting document that recently popped up. HM Revenue & Customs Guidance Notes for ISA Managers: Draft Crowdfunding.  According to the document, “this version of the ISA Guidance Notes for Managers provides guidance on the rules to be applied from 1 November 2016,… Read More

November 7, 2016 @ 10:05 am By JD Alois  |  

  The Financial Conduct Authority (FCA) has revealed the first group of Fintech firms accepted into their innovative regulatory Sandbox initiative.  The FCA said that 69 Fintech firms applied for the opportunity to participate but 24 firms were deemed acceptable. Most of these companies will… Read More

November 3, 2016 @ 11:14 pm By JD Alois  |  

The Financial Services Commission (FSC) of Korea has clamped down on peer to peer lending.  According to a report in Korea Joongang Daily, the Commission has enacted harsh rules that limit the amount an investor may commit to peer to peer lender in a given… Read More

November 3, 2016 @ 8:34 am By JD Alois  |  

The Republic of Lithuania has just announced updated regulations designed to facilitate the growth of investment crowdfunding. Vytautas Šenavičius, a partner at the law firm of TVINS and Chairman of the Board of Lithuanian Crowdfunding and P2P Lending Association, told Crowdfund Insider; “Today the Parliament… Read More

November 2, 2016 @ 12:00 pm By Erin Hobey  |  

Julia Groves, Downing Partner and Head of Crowdfunding, is a respected pioneer and force behind many successful digital businesses and fintech groups. Since founding ba.com for British Airways in 1994, she has instigated disruptive customer-led propositions across online retail, renewable energy and financial services market sectors. She… Read More

October 31, 2016 @ 2:37 pm By JD Alois  |  

The Alberta Securities Commission (ASC) has adopted Multilateral Instrument 45-108 Crowdfunding (MI 45-108). The new rule is actionable immediately and introduces a crowdfunding prospectus exemption for issuers as well as a registration framework for funding portals. The ASC Stated the implementation of MI 45-108 follows… Read More

October 31, 2016 @ 11:34 am By Therese Torris  |  

The second reform of France’s crowdfunding regulation has officially come into force. Resulting from tight cooperation between industry professionals, regulators and government authorities, the new measures expand the scope of both crowdlending and crowdinvesting. The first French regulation of crowdfunding was issued in October 2014…. Read More

October 31, 2016 @ 9:00 am By Samuel Guzik  |  

On October 26, 2016, the SEC’s three Commissioners convened at their headquarters to adopt new rules intended to modernize what had historically been a little used path of raising capital for startups, early stage businesses and community-based enterprises: the so called intrastate exemption. It had… Read More

October 27, 2016 @ 11:28 am By JD Alois  |  

The Securities and Exchange Commission announced changes to Rule 147 and Rule 504 yesterday designed to improve the process in which businesses may sell securities within a state where they are based. These “intrastate” updates will impact the ability for issuing companies to crowdfund from… Read More

October 26, 2016 @ 5:58 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) voted to update Rules 147 and 504 today.  The regulatory changes will improve the environment for intrastate crowdfunding. Some in the industry believe that intrastate crowdfunding may do better than Title III/Reg CF as some states have crafted more… Read More

October 25, 2016 @ 6:56 pm By JD Alois  |  

The Securities and Exchange Commission is out with their agenda for the open meeting taking place at SEC HQ tomorrow (October 26,2016).  At 10AM 11AM, the Commission will meet to discuss the Universal Proxy and Rules 147 and 504 that impact intrastate crowdfunding.  If you… Read More

October 24, 2016 @ 1:22 pm By JD Alois  |  

Bruce Davis is a founder and Joint Managing Director at Abundance, a peer to peer investing platform focused on renewable energy projects. He is also part of the original team that launched Zopa – the very first peer to peer lending platform to set up… Read More

October 23, 2016 @ 12:59 pm By Anthony Zeoli  |  

Almost a year ago, the SEC proposed certain amendments to the current Rule 147 which were intended to help foster, and increase the viability of, Intrastate crowdfunding. While little has been heard about these amendments since their release (except from Intrastate proponents like me of… Read More