Tagged: regulations

January 3, 2016 @ 2:07 pm By Spencer Li  |  

A flurry of internet finance-related regulatory documents were issued in China last week just before the New Year. On December 28th, the People’s Bank of China (“PBOC”) issued the final rules on online payments while the China Banking Regulatory Commission (“CBRC”) issued the draft rules… Read More

January 2, 2016 @ 3:00 pm By JD Alois  |  

The past year was a memorable one for the Securities and Exchange Commission (SEC). The Commission finally completed all of the mandated rules under the JOBS Act, alongside significant work regarding Dodd-Frank and other required rule changes (and the never ending cascade of enforcement actions)…. Read More

December 30, 2015 @ 12:26 pm By JD Alois  |  

The Chinese online lending industry continues to reflect upon the just announced rules proposed in the last week.  There is a huge shakeout coming in China as some platforms will probably cease to exist. CCTV has filed a report reviewing the rules, highlighting the major… Read More

December 28, 2015 @ 8:56 am By JD Alois  |  

As has been widely expected for some time, China regulatory authorities revealed proposed rules to reign in the fast growing peer to peer lending industry.  While online lending has filled a serious void in providing access to capital the lack of rules have created an… Read More

December 23, 2015 @ 2:44 pm By Samantha Hurst  |  

Doug Morris, the CEO of investment app Sharesight, recently shared with the Sydney Morning Herald that he believe that new Australian crowdfunding rules would still make the funding method costly for businesses like his. Earlier this month, new rules were introduced to Parliament that would legalise… Read More

December 19, 2015 @ 1:54 pm By JD Alois  |  

Dodd-Frank, the massive law passed in the midst of the Great Recession, touched many aspects of the financial industry.  One portion of the bill was a requirement to review the definition of an Accredited Investor “as it relates to natural persons” every four years.  The… Read More

December 17, 2015 @ 1:37 pm By JD Alois  |  

Portugal has published proposed investment crowdfunding regulations in a consultation paper that is open for comments. The document posted by theComissão do Mercado de Valores Mobiliários (CMVM), embedded below, proposes a cap on funding at one million euros within a 12 month period. The consultation… Read More

December 15, 2015 @ 11:05 am By JD Alois  |  

The California Department of Business Oversight (DBO) has launched an inquiry into the Marketplace Lending (P2P) industry. DBO Commissioner Jan Lynn Owen was quick to caution they do want the industry to grow but want to “protect” consumers.  Owen stated; “These online lenders are filling a… Read More

December 14, 2015 @ 9:30 am By Andrew Stephenson  |  

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

December 14, 2015 @ 8:39 am By JD Alois  |  

The Financial Conduct Authority (FCA) has posted a public request for feedback on regulation in the context of the social investment market.  The FCA defines social investment as “investments where the aim is to provide a wider social benefit, rather than the primary driver being… Read More

December 14, 2015 @ 7:00 am By JD Alois  |  

The OTC Markets Group has strengthened its market standards for companies listed on the OTCQX market. OTCQX is their best market for established US and international companies. Listing firms must now adhere to high-quality financial standards and must be sponsored by a third party advisor… Read More

December 12, 2015 @ 9:38 am By JD Alois  |  

  The draft regulations surrounding the forthcoming Innovative Finance Individual Savings Account was published earlier this week by the UK government. The much-anticipated vehicle is expected to add fuel to the peer to peer lending industry as it will open up the asset class to… Read More

December 11, 2015 @ 12:08 am By Midori Yoshimura  |  

In India, crowdfunding norms will soon be put into place to help entrepreneurs raise funds through crowdfunding, and discussions are underway to allow sale of mutual funds through e-commerce platforms, announced U. K. Sinha, chairman of India’s capital markets regulator, the Securities and Exchange Board of India (SEBI),… Read More

December 10, 2015 @ 5:22 pm By Midori Yoshimura  |  

For David Behin, co-founder and CEO of CityFunders, proving real estate investment opportunities for accredited investors, his goal was to help bring real estate investing to the masses. Fast forward to now, and the pool of real estate investors has noticeably increased, with the passage of the JOBS Act, Title III. The… Read More

December 3, 2015 @ 1:26 am By JD Alois  |  

Legislation is a Positive Step But Includes Unnecessary Costs. According to real estate crowdfunding platform CrowdfundUp, Australia has “missed an opportunity” as released crowdfunding law falls short of ambitions.  Following many months of discussion, the Australian government published its “Crowd-sourced Funding” bill allowing eligible companies… Read More

December 3, 2015 @ 1:15 am By JD Alois  |  

The Australian Parliament has revealed the expected legislation regarding the regulatory structure of investment crowdfunding.  The bill, along with an explanatory memorandum, is embedded below.  The government had previously stated final rules were a priority for completion before the end of the year. “Crowd-sourced funding”… Read More

November 30, 2015 @ 5:47 pm By JD Alois  |  

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

November 24, 2015 @ 8:34 am By Erin Hobey  |  

  “Our prediction is that the marketplace lending industry will undergo continued and increasing growth, opening up new investment opportunities and new avenues of capital formation for start-ups and small businesses.” It’s not too late to participate in the 2015 Americas Alternative Finance Benchmarking Survey;… Read More

November 21, 2015 @ 6:09 pm By JD Alois  |  

The FDIC has published an advisory on Effective Risk Management Practices for Purchased Loans and Purchased Loan Participations.  The document states that banks should use caution when purchasing loans or participating in shared credit facilities.  Noting that some institutions have experienced some success to achieve growth… Read More

November 20, 2015 @ 9:25 am By JD Alois  |  

Kevin Laws, Chief Operating Officer of AngelList, delivered an “illuminating” presentation at the SEC Government Business Forum on Small Business Capital Formation yesterday. AngelList, a leader in the equity crowdfunding sector, has become an important catalyst in the online finance space innovating and expanding its… Read More