Tagged: fca

January 2, 2017 @ 4:49 pm By JD Alois  |  

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More

December 30, 2016 @ 3:41 pm By JD Alois  |  

As one year comes to end it is a good opportunity to reflect on past events. The preceding 12 months have been a momentous period for internet finance including capital formation online. Fintech started as a curiosity that engendered much excitement – and fear for some…. Read More

December 22, 2016 @ 10:24 am By Samantha Hurst  |  

On Thursday, peer-to-peer lending platform Landbay announced it was granted full authorization from the FCA for peer to peer lending. The lender stated the new authorization is paving the way for the launch of its Innovative Finance ISA in the upcoming year. John Goodall and Gray Stern… Read More

December 21, 2016 @ 11:49 am By JD Alois  |  

The Financial Services Compensation Scheme (FSCS) is an important aspect of investor protection in the UK.  Similar in function to the US FDIC, certain financial accounts are insured by the government against financial loss. During the past two years, the FSCS paid out £271 million… Read More

December 18, 2016 @ 12:40 pm By Samantha Hurst  |  

Growth Street announced last week it would now accept individual retail investors on its peer to peer lending platform. They may do this now as they are an FCA registered Appointed Representative pursuant to a partnership with another firm.  Growth Street, which was founded in 2013 by Sherwin-Smith… Read More

December 15, 2016 @ 7:03 am By JD Alois  |  

The Money Platform has launched in the UK.  The Money Platform is a peer to peer lender that targets short term credit of 3 to 12 weeks. After participating in the FCA’s Project Innovate incubator program, the Money Platform received the FCA’s full consumer credit… Read More

December 15, 2016 @ 3:10 am By Jessica Pham  |  

London-based AlliedCrowds is preparing to launch its P2P service AlliedExchange soon as it has begun the search for a new Managing Director.  AlliedCrowds/AlliedExchange is backed and funded by FSD Africa, which in turn is backed by the British government. This proposed platform will use P2P lending technology to present… Read More

December 14, 2016 @ 4:30 pm By Barry James  |  

The time has come for crowdfunding to mature – or die, and be reabsorbed by the body politic (or should that be that body corporate). You don’t hear people talk about “the democratisation of finance” much any more. Why is that? We’ve seen growing pains… Read More

December 12, 2016 @ 1:29 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has launched a market study to review the mortgage sector. The research hopes to determine whether or not there is sufficient competition in this sector of finance.  Competition helps consumers as providers are compelled to provide better services.  When a… Read More

December 9, 2016 @ 3:51 pm By Samantha Hurst  |  

Following the FCA publishing an interim report on crowdfunding regulations, the team at peer-to-peer lending platform Zopa revealed their thoughts about the report and its findings. As previously reported, the report took into consideration feedback from the leading UK crowdfunding platforms (including peer to peer lenders),… Read More

December 9, 2016 @ 12:13 pm By JD Alois  |  

Gillian Roche-Saunders, a partner at the law firm of  Bates, Wells & Braithwaite in London, works with many of the largest UK alternative finance platforms in operation. She has been highly engaged with the FCA and crowdfunding / P2P platforms regarding compliance and regulatory approval. Crowdfund… 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

December 9, 2016 @ 10:13 am By JD Alois  |  

The Financial Conduct Authority (FCA) has released their much anticipated interim report on debt and equity crowdfunding. The document addresses both peer to peer lending and investment crowdfunding platforms and the current state of operations as the new approach to capital formation evolves. Andrew Bailey,… Read More

December 8, 2016 @ 7:42 am By Samantha Hurst  |  

UK peer-to-peer lending platform CapitalStackers announced it received full authorization from the Financial Conduct Authority (FCA) following a detail assessment.  The company described itself as a direct peer-to-peer lender and matches developers seeking finance with investors. Its key mission is to plug the funding gap between… Read More

December 7, 2016 @ 9:17 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) has signed a new collaboration agreement. This time the FCA has formed a co-operation agreement with the Hong Kong Monetary Authority (HKMA).  The arrangement is for the two securities regulators to collaborate on promoting financial innovation and is similar… Read More

December 6, 2016 @ 7:01 pm By JD Alois  |  

Peer to peer lender Folk2Folk has received full approval from the Financial Conduct Authority (FCA).  While many prominent peer to peer lenders are operating under interim approval, Folk2Folk points out it is the lagest P2P lender to receive full authorization to date. Folk2Folk has lent… Read More

December 5, 2016 @ 8:02 am By JD Alois  |  

Growth Street is now an FCA registered Appointed Representative.  Growth Street will now be able to accept individual investors on its peer to peer lending platform. Growth Street, an alternative finance platform for SMEs, previously only accepted incorporated businesses to lend and borrow to each… Read More

December 5, 2016 @ 7:48 am By JD Alois  |  

LandlordInvest has received full Financial Conduct Authority (FCA) authorisation following a 24-month process. LandlordInvest is a peer to peer lending platform for buy-to-let and bridge loans. LandlordInvest stated it has also submitted an application to HMRC to become an ISA manager and intends on offering… Read More

November 29, 2016 @ 9:39 pm By JD Alois  |  

P2P lending rating agency 4thWay is highlighting that 77 IFISA applications are in limbo at the Financial Conduct Authority waiting for full authorisation.  Within this group, ten of the largest UK P2P lenders are still in the queue.  In what was expected to be a… Read More

November 10, 2016 @ 10:17 am By Erin Hobey  |  

The P2P bond platform UK Bond Network received full authorization as a financial services provider from the UK Financial Conduct Authority (FCA). The approval marks the end of a several months’ review in which the company’s processes, systems, policies, levels of compliance and risk management have undergone… Read More