Tagged: financial conduct authority

June 3, 2015 @ 4:41 pm By JD Alois  |  

In a highly regulated industry, such as finance, there will never be a perfect set of rules. The diversity of opinion and perspective by nature engenders a constant debate between what is right – and what is wrong.  The internet finance industry has evolved quite… Read More

May 30, 2015 @ 5:27 pm By JD Alois  |  

The Financial Conduct Authority (FCA) is proceeding with a study on competition in investment and corporate banking. The FCA states that these markets are the “cornerstone of the UK economy” for business expansion and funding operations. The study will focus on choice, transparency, bundling and cross-subsidisation in… Read More

May 22, 2015 @ 3:52 pm By JD Alois  |  

GrowthFunders, part of Growth Capital Ventures, has just received official approval from the Financial Conduct Authority (FCA) to operate their investment crowdfunding platform.  GrowthFunders has been operating since March 0f 2014 using a provisionary status in association with Linear Investments. The process took GrowthFunders approximately… Read More

April 28, 2015 @ 2:54 pm By Samantha Hurst  |  

Last week, independent brewery BrewDog announced it is seeking to raise capital with equity crowdfunding once again but this time they are going big. The company’s Equity for Punks pitch launched to raise £25 million, which will be the largest equity crowdfunding round in the UK to date. This is the 4th time… Read More

March 24, 2015 @ 8:58 am By JD Alois  |  

The UK Financial Conduct Authority is a relatively new entity having only been formed in 2013, reconstituted from its predecessor the FSA.  The transformation, which saw the responsibilities of the FSA migrated over to three different regulatory bodies, was engendered in part by the financial… Read More

March 23, 2015 @ 9:19 am By JD Alois  |  

The Financial Conduct Authority has approved the application of Dubai based Eureeca and is now regulated under UK rules.  Eureeca is a leading investment crowdfunding platform in the Middle East.  According to Eureeca, the funding portal is seeking to assist UK based SMEs looking to enter… Read More

March 14, 2015 @ 5:42 pm By JD Alois  |  

  According to a recent report, aspiring UK crowdfunding platforms are suffering from extended delays in platform approval by the Financial Conduct Authority (FCA).  In an article published in the Guardian, the missive declared that, “the FCA has approved only two crowdfunding platforms in the… Read More

March 13, 2015 @ 1:51 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has revealed its guidance on promoting financial offerings via social media.  Social Media, such as Twitter, Facebook and an increasing number of other networks, have grown dramatically in recent years representing a shift in how individuals, and businesses, communicate. Acknowledging… Read More

March 11, 2015 @ 7:47 am By Samantha Hurst  |  

Following the full subscription of their first £1m offer at the end of 2014, Property Crowd, which is considered the first UK real estate crowdfunding platform to operate under Financial Conduct Authority (FCA) regulations, announces the launch of a new £1m offer for Central London luxury… Read More

February 19, 2015 @ 7:01 am By JD Alois  |  

The Financial Conduct Authority has announced its intent to investigate the elite world of investment and corporate banking due to concerns of lack of competition.  The FCA, unlike its regulatory brethren in many other countries, maintains the responsibility to promote competition “around the benefits for consumers,… Read More

February 6, 2015 @ 9:38 pm By JD Alois  |  

Earlier this week Crowdfund Insider published a write up on the regulatory review completed by the Financial Conduct Authority (FCA) in the United Kingdom. At that time we quoted the FCA document that summed things up by saying; “We have seen the crowdfunding market continue to grow… 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

December 8, 2014 @ 9:58 am By JD Alois  |  

FCA Announces New Strategic Approach & Sharper Focus on Regulatory Challenges. The FCA intends on confronting regulatory challenges by reviewing their process and approach. Following this internal review the financial regulators have revealed their new strategy in tackling the fast changing realm of securities and… Read More

November 30, 2014 @ 5:27 pm By JD Alois  |  

The Bank of England has published its periodic report on lending and, once again lending to SME’s has declined.  Even as the Funding for Lending Scheme (FLS) added participants, net lending was slightly negative. The FLS is a stimulus program that was launched by the… Read More

November 24, 2014 @ 12:10 am By Samantha Hurst  |  

Following a successful and rather quick equity crowdfunding raise on Crowdcube last year, Fruitful is launching a peer to peer lending platform for “everyday savers and full term commercial mortgage borrowers”.  The crowdfunding campaign had targeted a raise £140,000 for 8% equity.  In a note… Read More

October 29, 2014 @ 9:55 am By JD Alois  |  

Embedded below is the published report by the Financial Conduct Authority (FCA) regarding feedback to their “Project Innovate”. Project Innovate was established to support industry innovation by  opening the FCA doors to businesses (large and small) who are developing innovative approaches that can benefit consumers… Read More

October 29, 2014 @ 9:41 am By JD Alois  |  

Meanwhile the SEC Stalls on Pushing Forward to Facilitate Title III & Title IV Crowdfunding. The Financial Conduct Authority (FCA), the UK regulatory body similar to the SEC, has announced the opening of their Innovation Hub as they embrace change and creativity in financial services…. Read More

October 2, 2014 @ 7:53 am By JD Alois  |  

In a public statement by the Financial Conduct  Authority, Wonga has entered into an agreement, known as a voluntary requirement (VREQ), with the FCA that requires it to make significant changes to its business immediately.  Wonga is a payday loan operator in the UK that… Read More

August 16, 2014 @ 9:35 am By Samantha Hurst  |  

Offering up some words of wisdom when it comes to equity crowdfunding, Crowdcube shared strategic insight in a post titled 7 Points Investors Should Consider. The platform provided advice for a wide range of equity topics including how to handle risk and skeptical investors. Investing… Read More

August 11, 2014 @ 12:32 pm By JD Alois  |  

The Financial Conduct Authority has just released their guidance consultation on social media use within the financial industry and some crowdfunding industry followers remain concerned about the direction the document is taking. Sharon Flaherty, founder of boutique content marketing consultancy BrandContent, shared her opinion on… Read More