Search Results for: Regulation Crowdfunding

Three Policy Issues that will Hold Regulation Crowdfunding Back

On May 16, 2016, the Securities and Exchange Commission’s rules implementing Title III of the JOBS Act will come into effect, allowing companies to raise funds under Section 4(a)(6) of the Securities Act. The SEC made some important improvements over the proposed rules that will… Read More

Title III, Regulation Crowdfunding Simplified. Read the Report

Crowdfund Capital Advisors (CCA) has taken the rather voluminous 668 pages of final rules for Title III retail crowdfunding and distilled them down into a more manageable 43 pages.  The report, embedded below, was created to augment CCA’s book How to Crowdfund book (available on… Read More

SEC: Title III, Regulation Crowdfunding Fact Sheet (Document)

Highlights of the proposed rules by the Commission for Title III of the JOBS Act that legalizes retail equity crowdfunding. Companies may raise $1 million during a 12 month period with non-accredited investors able to invest $2000 or 5% of their annual income (whichever is… Read More

New Regulation of Crowdfunding in Russia

The new law regulating crowdfunding in Russia will enter into force on January 1, 2020. Existing platforms must comply by July 1, 2020. Federal Law No. 259-FZ “On Investments Through Investment Platforms and Certain Amendments to Other Laws of the Russian Federation” dated August 2,… Read More

Canada Update: Alberta Updates Crowdfunding Regulations but Where Does Canada Stand in the National Harmonization of Rules? What about Fintech Development?

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

New German Crowdfunding Regulation: Major Enhancements, A Few Regrets

The German Crowdfunding Association, the federal industry association which represents 85% of the German crowd investment market, welcomed last week the adoption by the German Parliament of the new and improved legal framework for crowdinvesting, albeit with a few regrets. Major Expansion of the Scope… Read More

Fintech in 2019? Predictions for Crowdfunding, Open Banking, SMEs, Regulations & More….

‘Tis the season for decking halls, lighting candles, spending time with family and friends, reflecting on 2018 and thinking ahead to 2019 and new trends in the global Fintech market. Crowdfund Insider reached out to the Fintech community members to look into their crystal balls… Read More

Will the EC Pass Pan European Crowdfunding Regulations, Including Initial Coin Offerings?

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

State of Massachusetts Requests Comments on Proposed Securities Regulations including Crowdfunding Rules

The Secretary of the Commonwealth of Massachusetts has published a grouping proposed regulatory changes several of which will impact federal crowdfunding exemptions, including notice filings for Reg A+ and Reg CF. The proposed changes, posted today, are open for public comment until January 19, 2018…. Read More

The ECN Updates Review of Crowdfunding Regulation in the EU, Israel & the USA

On October 20, at its 6th Convention in Vilnius, Lithuania, the European Crowdfunding Network (ECN), the European association of alternative finance platforms, released its Third Edition of the Review of Existing Regulations of crowdfunding and related alternative financing in the 28 countries of Europe, as… Read More

Australia to Fix Gap in Crowdfunding Regulations as Private Companies May Gain Eligibility in New Legislation

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

US Investment Crowdfunding Regulations Explained (Document)

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

Central Bank of Bahrain Issues P2B Crowdfunding Regulations

  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

Dubai Regulations for Crowdfunding: Issuers May Raise Up To $5 Million

The Dubai Financial Services Authority (DFSA) announced the enactment of a regulatory regime designed to engender a robust crowdfunding ecosystem for the country. The new regulations are part of a strategy to foster an innovation driven economy. Empowering entrepreneurs and startups by providing the access… Read More

German Crowdfunding Association Urges Regulator Not to Exclude Real Estate from Crowdfunding Regulation

Since the beginning of this year, the German government has undertaken a review of the crowdinvesting regulation introduced in July 2015. It has now officially released its conclusions and is proposing several changes to the existing law, including a most controversial exclusion of real estate… Read More

Ireland is Considering Bespoke Crowdfunding Regulation

  Last week, the government of Ireland announced a Public Consultation on the Regulation of Crowdfunding. Currently, crowdfunding is not a regulated activity in Ireland. The Irish Minister for finance, Michael Noonan T.D. commented on the consultation; “Ensuring that the development of this exciting and… Read More

Here is the FCA Interim Report on Crowdfunding Regulations

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

In Media Res: Central Bank of Russia Developing Crowdfunding Regulation

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

Lithuania Approves Bespoke Crowdfunding Regulations, Platforms May Raise up to €5 Million

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

SeedUps CEO Sandi Gilbert on Canada Crowdfunding Regulations: “It’s a Mess”

  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

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