Tagged: fca

February 20, 2014 @ 10:33 am By Christian Faes  |  

“Glaring Omissions” with FCA Regulations Regarding Due Diligence by Platforms. There is a lot of hype about the future potential of crowdfunding and peer-to-peer (P2P) lending. The United States has shown the huge potential with platforms such as Lending Club and Prosper lending billions of… Read More

December 19, 2013 @ 9:34 pm By JD Alois  |  

Yesterday, December 18, 2013, a debate was held in Westminster Hall regarding crowdfunding.  Labour MP Barry Sheerman led the discussion and described the opportunity as a bit of a Christmas present as this was the first ever debate on the innovative form of financing. The… Read More

December 17, 2013 @ 8:36 pm By JD Alois  |  

Debate Takes Place as Consultation Period Nears End. Members of Parliament (MPs) will be debating the future of crowdfunding at Westminster tomorrow,  Wednesday, December 18, 2013.  The Westminster Hall Debate has been initiated by Barry Sheerman MP, a leading proponent of crowdfunding. Mr Sheerman, chair of… Read More

December 17, 2013 @ 3:00 am By Barry James, The Social Foundation  |  

Green Light the new freedoms of the digital age. The idea of a man having to walk in front of each car on the road waving a red flag to ensure that they didn’t scare the horses has often been the object of a mixture… Read More

December 16, 2013 @ 10:13 am By Charles Luzar  |  

Crowd Valley is a white label crowdfunding service provider providing end-to-end solutions for those looking to launch crowdfunding platforms. The company has now announced a partnership with Sapphire Capital Partners LLP, an FCA-authorized firm specializing in alternative invesments, and specifically EIS and SEIS compliance. This… Read More

December 11, 2013 @ 11:48 am By JD Alois  |  

With the Financial Conduct Authority (FCA) consultation period scheduled to end shortly, CrowdConsent is announcing a simple technology solution to address current proposals to regulate both equity and debt based crowdfunding. The CrowdConsent service allows platforms to demonstrate that they have obtained the informed consent… Read More

December 10, 2013 @ 12:04 pm By JD Alois  |  

In two public letters the UK based Social Foundation and the Crowdfunding Centre openly pose the question, “Is the Government Guilty of Financial Discrimination?” Both letters, reproduced in their entirety below, question  the Financial Conduct Authority’s (FCA) “rush to regulate” the quickly growing crowdfunding industry…. Read More

December 4, 2013 @ 8:52 am By JD Alois  |  

The Financial Conduct Authority (FCA), the United Kingdom’s regulatory entity which has oversight over the booming crowdfunding industry, released a consultation paper (CP) this past October reviewing the new, innovative industry.  The CP is one of a series of consultation papers that will determine their… Read More

December 2, 2013 @ 7:14 am By JD Alois  |  

Equity crowdfunding platform InvestingZone has released a survey where over 1000 active investors not classified as “sophisticated” or “high net worth” (HNW) were queried and found that two-thirds were keen to take more personal control of their own portfolio, with 73 per cent saying they enjoy… Read More

November 25, 2013 @ 8:53 am By JD Alois  |  

Founder warns FCA Over Regulation May Stifle Potential of Crowdfunding. Entrepreneur Karen Darby has launched a crowdfunding site to fund social, environmental and health-related businesses.  CrowdMission will challenge banks and venture capitalists and put investment opportunities in the hands of ordinary people. “CrowdMission is all about… Read More

October 29, 2013 @ 10:05 am By Charles Luzar  |  

The Lane Report | OP-ED: Kent Oyler – Let the 2014 crowdfunding rule games begin Kent Oyler says that initially the cynics are outnumbering the fans when it comes to the SEC’s proposed rules for equity crowdfunding. He postulates that equity crowdfunding will provide a… Read More

October 25, 2013 @ 8:04 am By JD Alois  |  

Assetz Capital, a fast growing Peer-to-Peer lender which has completed £5 Million in loans in their first 6 months, has commented on the FCA’s Consultation Paper on crowdfunding which was released yesterday.  Assetz notes the proposal could force out a significant number of providers but… Read More

October 24, 2013 @ 1:37 pm By JD Alois  |  

The Financial Conduct Authority is proposing to alter their approach to regulation regarding firms which operate investment crowdfunding platforms.  With the UK crowdfunding market standing at about £360 Million today, this new market and associated asset class is poised to boom exponentially.  The vast majority… Read More

October 24, 2013 @ 9:15 am By JD Alois  |  

Amanda Boyle created BloomVC (Venture Capitalist) in 2011 to fill a funding gap for innovative ideas, community initiatives, and small business growth with the power of the crowd.  Located in the UK, Bloom is a rewards based crowdfunding platform. With the release of the FCA Consultation Paper… Read More

October 24, 2013 @ 8:48 am By JD Alois  |  

The Financial Conduct Authority (FCA), the United Kingdom regulatory agency which has oversight on crowdfunding, has released their comments on regulating the crowdfunding industry.  This includes both debt based and equity based crowdfunding. On 1 April 2014, the FCA is taking over the regulation of… Read More

October 22, 2013 @ 10:10 am By Charles Luzar  |  

PolicyMic | Crowdfunding For Private Security in Oakland Ignores a Few Key Facts PolicyMic takes a deeper dive into the recent Crowdtilt campaigns funding private security forces in Oakland. What did they find? That some of the neighborhoods don’t have as much crime as one… Read More

October 19, 2013 @ 2:57 pm By Charles Luzar  |  

VentureBeat: WePay’s API pays off, handles 648% more crowdfunding volume than last year The headline says it all… WePay is seeing some pretty impressive traction providing payment services to crowdfunding campaigns, but they’re quickly moving toward robust solutions for platforms as well. A provided API has… Read More

October 4, 2013 @ 10:46 am By Charles Luzar  |  

The FCA takes responsibility for regulating consumer credit markets starting in April of 2014. This responsibility includes the peer-to-peer lending space. The FCA has announced plans to release guidance on lending-based crowdfunding and regulatory compliance later this month. In a recent release, the FCA detailed… Read More

September 21, 2013 @ 2:58 pm By JD Alois  |  

Funding Empire, a UK based online crowdlending platform, has scheduled the formal release of their borrower application process to facilitate debt crowdfunding in the United Kingdom.  Scheduled for release on Monday, September 23rd, this follows their successful launch of their lender registration process. The objective… Read More

September 18, 2013 @ 6:11 am By Julia Groves, Chair UKCFA  |  

Crowdfunding, and in particular crowdinvesting, is the result of deep dissatisfaction, anger even, at where our financial services industry has delivered us today. The financial crisis brought people onto the streets in protest at the behaviour and lack of contrition from our mega financial institutions…. Read More