WiSEED announced today that “after months of discussions with the French Government, regulators and stakeholders in the financial sector, France is adopting a single regulation system and wants to foreshadow the future European law which is expected by the end of 2016, at the earliest. WiSEED, who forced the proposal the first time, actively participated in the drafting of this legislation. This law defines the status of participatory Investment Advisor (CIP ) and allows the emergence of participatory finance in France.”
WiSEED continued, “This morning ORIAS attributed WiSEED with one of the first four registrations of CIP and we are delighted to share this news. The trust you place in us every day, your interests, your communication, your support of these promising startups and investments are for many . So thank you and thank you for believing in us as hard as this new economy. We now have your confidence and that of the French state to invent tomorrow’s economy.”
For further details and the original French announcement, please refer to WiSEED.