Search Results for: crowdfunding regulations

October 7, 2019 @ 9:00 pm By JD Alois  |  

Last week, the Alberta Securities Commission (ASC) adopted a “Blanket Order” for “Startup Crowdfunding Registration and Prospectus Exemptions.” In effect, the ASC was seeking to improve access to capital for smaller firms – a good thing- but the move also highlights the disparity between the… Read More

October 2, 2018 @ 10:00 pm By JD Alois  |  

For quite some time now, the European Commission has been discussing creating a pan-European approach to investment crowdfunding. This policy move absolutely makes sense and clearly aligns with the Fintech Action Plan and Capital Markets Union. In many ways, creating a single law for all… Read More

September 14, 2017 @ 5:29 pm By JD Alois  |  

This week the Australian Parliament introduced new legislation that will extend crowdfunding or “crowdsourced equity funding” (as the Aussies call it) to private companies. This is an important fix that will create a far more robust and equitable crowdfunding ecosystem in Australia. Earlier this year,… Read More

September 3, 2017 @ 12:14 pm By Georgia Quinn  |  

Some time ago, I created a grid comparison that addressed the differences between the various iterations of investment crowdfunding. In the US, there are effectively three different securities exemptions, created by the JOBS Act of 2012, that allow issuing business to raise capital online by… Read More

August 10, 2017 @ 11:03 am By JD Alois  |  

  The Central Bank of Bahrain (CBB) has released regulations for debt based crowdfunding. Rules apply to both Shari’a compliant and conventional investments. It is expected that equity-based crowdfunding regulations will be announced later this month. The CBB announced that for the first time it will… Read More

December 9, 2016 @ 10:37 am By JD Alois  |  

The Financial Conduct Authority (FCA) published an interim report on crowdfunding regulation today. The report was widely anticipated by both the investment based and debt based crowdfunding sector. This is the second interim statement since initial rules were published in 2014. The regulatory approach by… 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

August 19, 2016 @ 2:57 pm By JD Alois  |  

  A few weeks back Crowdfund Insider published an article on the regulatory environment in Canada that labeled new crowdfunding securities exemptions as “Dead in the Water“.  In brief, regulators in multiple provinces have enacted rules that were ostensibly created to foster entrepreneurship and access… Read More

July 9, 2016 @ 2:54 pm By JD Alois  |  

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

June 18, 2015 @ 7:54 pm By JD Alois  |  

Indiegogo has been very forthright about it’s intent on entering into investment crowdfunding.  While the process may be similar to its rewards based platform today, investment crowdfunding is a highly regulated space where the SEC, and others, will always be on guard. Tomorrow, Title IV… Read More

May 1, 2015 @ 8:26 am By JD Alois  |  

Crowdfunding has bee legal in Spain for some time now but the first run at creating a viable regulatory regime endured several challenges.  Regulations published in february 2014 were broadly criticized for being overly restrictive and the new rules are being described as an improvement having eliminated several restrictions… Read More

April 9, 2015 @ 1:08 pm By Gil Michel-Garcia  |  

Regulators, particularly securities regulators, are normally a conservative and risk averse lot, generally preferring fraud prevention to economic efficiency.  However sometimes they can come up with some brilliant pieces of economically empowering regulation, particularly when pushed by the political powers that be and when faced… Read More

February 3, 2015 @ 9:45 am By JD Alois  |  

As anticipated, the Financial Conduct Authority (FCA) has published a regulatory review of the crowdfunding environment – including investment crowdfunding and peer to peer lending. Rules were initially released in March of 2014 with the government entity taking a “light touch approach” that was broadly embraced… Read More

January 26, 2015 @ 4:26 pm By JD Alois  |  

It appears that Colorado wants to improve capital formation for small companies as well.  The Centennial state is preparing to introducing legislation that will facilitate crowdfunding by authorizing on-line intermediaries to match Colorado investors with a Colorado based business that wishes to sell securities to… Read More

January 11, 2015 @ 11:14 am By JD Alois  |  

Fast growing real estate crowdfunding platform Fundrise has been expanding its message and platform reach across a growing number of states. Site co-founder Dan Miller recently stated they are aggressively growing their company and are intending on setting up shop in Europe – specifically London as they… Read More

January 5, 2015 @ 7:06 pm By JD Alois  |  

Paul Niederer, founder of the Australian Small Scale Offerings Board (ASSOB) and crowdfunding protagonist, has tackled the global regulatory regimes around the world as they attempt to create rules for the new forms of finance. Niederer criticizes most approaches stating: “The [regulatory] implementation balance to… Read More

January 3, 2015 @ 4:48 am By JD Alois  |  

Zopa co-founder and Keystone attorney Simon Deane-Johns recently participated in several panels at the successful ECN Crowdfunding Convention held in Paris in December.  Zopa was the first peer to peer lending platform so Deane-Johns has been engaged in new forms of finance since the early days and… Read More

December 18, 2014 @ 9:28 am By JD Alois  |  

The European Crowdfunding Network (ECN), an advocacy group based in Brussels, has published their annual report reviewing crowdfunding regulations in Europe, the United States, Israel and Canada. “Since we have started our work in 2012 and especially since our first edition of this paper in… Read More

November 12, 2014 @ 10:47 am By JD Alois  |  

Minnesota has joined the growing list of states that may want legalized investment crowdfunding now -and not just for accredited investors.  Recognizing that Title III is encumbered with excessive costs and a too low cap on amounts an issuer may raise,  a group called “MNvest”… Read More

September 22, 2014 @ 2:24 pm By JD Alois  |  

The Securities Commission Malaysia (SC) is expected to release comments on their proposed equity crowdfunding regulations sometime this week.  The public release of feedback comes on the heels of the SC’s successful crowdfunding and angel investing conference held last week at the SC offices in… Read More