Tagged: financial conduct authority

July 14, 2014 @ 7:00 pm By JD Alois  |  

  According to a release by the CrowdfundingCentre, a briefing and submission to Ministers handed to Treasury officials documents how the FCA (Financial Conduct Authority) is abusing legislation created before the social web existed to gag its use with equity crowdfunding. The report states the… Read More

June 24, 2014 @ 10:55 am By Samantha Hurst  |  

Volpit, the UK’s new startup investment platform has officially launched today. Crowdfund Insider earlier announced they had gained full authorization from the Financial Conduct Authority (FCA). By law, businesses can only conduct regulated financial service activities in the UK if they are authorized by the… Read More

June 24, 2014 @ 7:24 am By Samantha Hurst  |  

Volpit, an equity crowdfunding platform based in the UK,  announced it is finally authorized and regulated by the Financial Conduct Authority (FCA). On Monday, co-founder of Volpit Patrick O’Flaherty took to his Twitter account to share the exciting news with his followers. Proud to announce that @Volpit is now… Read More

June 6, 2014 @ 8:37 am By Barry James  |  

Crowdfunding Sees Growing Regulatory Support. “We are now looking for areas where the system itself needs to adapt to new technology or broader change – rather than the other way round. We want to ensure that positive developments, the ones that promise to improve the lives of… Read More

May 13, 2014 @ 7:15 am By JD Alois  |  

It is being reported that the Financial Conduct Authority (FCA) in the United Kingdom is going to offer clarification  regarding the difference between “online guidance services” and regulated investment advice.  The report from the FCA is expected to be published next month.  The forthcoming report… Read More

April 16, 2014 @ 8:51 pm By Georgia Quinn  |  

Seedrs set the record straight today stating that they “believe the rules the FCA adopted strike an effective balance” and were acceptable. The Seedrs post titled “Welcoming the New FCA Crowdfunding Rules“, states that in addition to being the first UK regulated crowdfunding platform, as… Read More

April 16, 2014 @ 9:31 am By JD Alois  |  

Equity crowdfunding platform Crowdcube has  been supportive of the new Financial Conduct Authority’s (FCA) regulatory approach to crowdfunding.  There is a fine line to walk in applying regulations to a new, emerging industry.  Any student of the political process will be able to site examples… Read More

March 31, 2014 @ 8:00 am By Georgia Quinn  |  

Fresh from my trip across the pond, I can tell you I have seen the light. Crowdfunding can and is working and we (the United States) are behind the eight ball on this one. When describing the US regulatory regime to crowdfunding professionals in the… Read More

March 20, 2014 @ 8:08 am By Georgia Quinn  |  

Speaking with CEO Jeff Lynn at Seedrs’ headquarters in the Silicon Roundabout (as opposed to the Valley or the Alley) of London was like speaking with a member of the same tribe. Both being attorneys, we spoke the same language, and it was clear that… Read More

March 7, 2014 @ 2:30 pm By JD Alois  |  

UK Equity Crowdfunding Site CrowdBnk Welcomes FCA’s Response. Commenting on the response to the consultation on the regulatory approach to crowdfunding published by the Financial Conduct Authority (FCA) , Ayan Mitra, CEO of CrowdBnk, an equity crowdfunding platform, stated; “We are pleased to see that… Read More

March 6, 2014 @ 11:52 am By JD Alois  |  

Beginning of New Era for Alternative Financing in UK. The Financial Conduct Authority (FCA) published regulations on crowdfunding to come into force on April 1, 2014.  The FCA   has confirmed new rules for P2P lending platforms due to come into force on 1 April 2014.  Stuart… Read More

March 6, 2014 @ 9:15 am By Charles Luzar  |  

They’re here. The Financial Conduct Authority (FCA) has published rules governing equity and lending-based crowdfunding in the UK. They are set to take effect on April 1 with a review scheduled for 2016. Christopher Woolard, director of policy, risk and research at the FCA, said, ”We… Read More

February 26, 2014 @ 7:21 pm By Tom McGinn  |  

“Kickstarter is crowdfunding with training wheels.” For many, equity-based crowdfunding is the final stage of crowdfunding’s evolution. The United Kingdom was an early adopter of equity crowdfunding. Less than two months after President Barack Obama signed the JOBS Act in 2012, dubbed the “Crowdfunding Bill”,… Read More

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 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 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