Politics, Legal & Regulation

November 10, 2016 @ 6:26 pm By JD Alois  |  

Fintech Hub LATTICE80 Officially Opens for Business in Singapore At the launch of LATTICE80, the “worlds largest Fintech hub with over 30,000 square feet of work and shared space, Deputy Prime Minister and Chairman, Monetary Authority of Singapore, Tharman Shanmugaratnam, delivered a speech on the importance… Read More

November 10, 2016 @ 11:30 am By Amy Wan  |  

Many people feel deeply hurt from the outcome of the Presidential election. Here’s a kinder, simpler explanation as to why. This week, we saw a completely unexpected outcome in the Presidential election between Donald Trump and Hillary Clinton. As the punditry and chattering classes scramble… Read More

November 9, 2016 @ 10:23 pm By JD Alois  |  

The Business, Energy and Industrial Strategy Committee (previously named Business, Innovation and Skills Committee) has published a report on access to finance of UK SMEs. The inquiry was described as an update on improvements and challenges since the financial crisis of 2008. “Although the mainstream… Read More

November 9, 2016 @ 10:06 pm By JD Alois  |  

The Enterprise Investment Scheme Association (EISA) has commented on a recent report published by the House of Commons. The Business, Energy and Industrial Strategy Committee’s Access to Finance report has been released and EISA has urged the government to do more to raise awareness among businesses… 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 4, 2016 @ 10:57 am By JD Alois  |  

The Securities and Exchange Commission has published the agenda for its first Fintech forum that is scheduled to take place on November 14th at SEC HQ in Wshington, DC.The forum is open to the public and begins at 9AM. The SEC will also be live-streaming… 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 @ 5:19 pm By JD Alois  |  

Announces Creation of a Regulatory Sandbox for Fintech Firms. New Fintech License to be Granted to Aspiring Firms. The Swiss Federal Councial has announced its intent to reduce barriers to entry for disruptive financial firms. Joining a growing litany of nations, Switzerland is embracing Fintech… Read More

November 2, 2016 @ 12:31 pm By JD Alois  |  

The Massachusetts Securities Division has proposed new regulations pertaining to securities offered under Tier II of Regulation A+ and Reg CF, both created by the JOBS Act of 2012.   The state agency has also proposed notice filings for Reg CF portals. The proposal is… Read More

November 1, 2016 @ 8:47 pm By JD Alois  |  

A group of prominent Fintech firms met with City Minister, Simon Kirby, to discuss how early success in financial innovation could be maintained.  HM Treasury recognizes that London has garnered global accolades for its robust entrepreneurial environment that has created multiple disruptive Fintech firms. The… Read More

November 1, 2016 @ 8:37 pm By JD Alois  |  

The Ontario Securities Commission (OSC) is joining a growing roster of global securities regulators to acknowledge the shifting environment of finance and the need to better understand Fintech innovation. The OSC is now seeking applications for a Fintech Advisory Commmittee (FAC) that will advise staff… Read More

November 1, 2016 @ 1:05 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) is one of a dozen or so federal agencies that has regulatory oversight on financial institutions. Financial innovation or Fintech is challenging long-held processes and firms and the OCC is attempting to update and adjust to… Read More

November 1, 2016 @ 9:13 am By JD Alois  |  

As expected, the HM Treasury has announced that big banks must now pass on the details of SMEs rejected for loans to three finance platforms: Funding Xchange, Funding Options and Business Finance Compared. These three platforms will then disseminate the information to alternative finance providers… Read More

October 31, 2016 @ 8:52 pm By Samantha Hurst  |  

NextGen Crowdfunding reported on Monday that investor commitments for Title III equity crowdfunding campaigns have officially surpassed $10 million. NextGen is tracking Title III companies through its “NextGen Dashboard.” The dashboard notably displays investor commitments progress since the new crowdfunding regulations went into effect less than… Read More

October 31, 2016 @ 2:56 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has announced the creation of the Office of Innovation to implement its Fintech framework.  The Office will be up and running by Q1 of 2017. The new entity will be headed by a Chief Innovation Officer… 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