Tagged: ukcfa

UKCFA Says News About IFISA Uptake is Great for Investors and the UK Economy

This past week, HMRC released numbers on the relatively new Innovative Finance ISA (IFISA) that enables savers to invest in debt based crowdfunding offerings. The UK government indicated that IFISA participation had topped £290 million during the 2017/18 tax year, or 8 times more than… Read More

UK Government Ups Crowdfunding without Prospectus to €8 Million – Matching Germany

In a significant policy move by the UK government, the threshold for investment crowdfunding has been upped to €8 million thus matching the recent change by Germany which announced the same funding limit. This increase is due to a change in the Prospectus Directive. In the… Read More

UKCFA Comments on European Commission Move to Improve Crowdfunding Market in Continental Europe

The UK Crowdfunding Association (UKCFA) has shared a brief comment regarding proposed rules released by the European Commission yesterday that are expected to be enacted. These updated rules are designed to streamline cross border crowdfunding offerings to the benefit of issuers, investors and platforms. By… Read More

RateSetter Upheaval: P2P Lender Shoulders Struggling Loans, Backs Away from Wholesale Lending

RateSetter has been hit with a series of significant operational challenges as several large loans have struggled.  The widely reported series of events have culminated in approximately £48 million worth of loans being taken over by the P2P Lender. This amount would have  outstripped the… Read More

FCA Interim Crowdfunding Report Released: Regulatory Update Foreshadows Future Rule Changes

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

Bruce Davis, MD of Abundance, Shares Insight & Perspective on FCA Regulatory Review

Bruce Davis is a founder and Joint Managing Director at Abundance, a peer to peer investing platform focused on renewable energy projects. He is also part of the original team that launched Zopa – the very first peer to peer lending platform to set up… Read More

Gillian Roche-Saunders Shares Insight into UK FCA Crowdfunding Regulatory Review

Gillian Roche-Saunders, is a partner at the law firm of Bates, Wells & Braithwaite in London.  She is a leading regulatory consultant in the Fintech sector having been engaged in alternative finance for the past five years – before the FCA jumped in to officially… Read More

UK Crowdfunding Association Partners on Fall Crowdfest Event

The UK Crowdfunding Association (UKCFA) is partnering on a forthcoming crowdfunding event scheduled to take place in London this coming fall. Crowdfest is described as a “multi-streamed forum with over 50 speakers, taking place in October with a capacity of 700.”  Crowdfest strives to be the industry’s leading… Read More

Document: European Crowdfunding Industry Response to European Parliament Proposal

Below is the joint response delivered by several European crowdfunding associations including: The European Crowdfunding Network, The UK Crowdfunding Association, Financement Participatif France and Nederland Crowdfunding.  The document is in support of an initiative to raise the prospectus exemption to €10 million (the Committee on Economic… Read More

EU Parliament’s Draft of New Prospectus Directive Meets Crowdfunding Sector Demands

  Earlier this year, the crowdfunding sector represented by the European Crowdfunding Network (ECN) the UK Crowdfunding Association, Financement Participatif France and Nederland Crowdfunding had called on the Parliament and the European Council to be very ambitious with the planned revision of the Prospectus Directive…. Read More

‘Learn To Show Off’: Advice To Women, From Julia Groves, Director of Trillion Fund

As the director of Trillion Fund, a renewable energy and social investment crowdfunding platform, Julia Groves has a key piece of advice for women new to working in crowdfunding: Learn to show off. “Grit your teeth and do it, otherwise someone less amazing than you might get the… Read More

Brief: UKCFA Elects Directors

The UK Crowdfunding Association (UKCFA) held its annual general meeting this past week in London.  During the meeting, eight directors were appointed while Julie Groves of Trillion Fund was unanimously re-electeed to a new term as Chair. The list of directors are as follows: Julia Groves (Chair)… Read More

Crowdfunding London Event Scheduled for Next Week

A one day summit has been scheduled to take place in London to “demystify” the new financial sector.  The event is a primer for individuals that have money to invest and experienced professionals & advisors who want to learn more about the investment crowdfunding space…. Read More

Trillion Fund is Equity Crowdfunding on Seedrs

TrillionFund, an investment crowdfunding platform that targets the renewable energy sector, is raising capital on another well known crowdfunding portal – Seedrs.  Trillion Fund focuses on debt based offers but has also listed equity campaigns as well.  The site has funded multiple successful wind, solar… Read More

How Not to do Crowdfunding – London

We are a young industry, but fast moving, and with more than 9 million members across all the different crowdfunding platforms in the UK, and more than 600,000 projects and businesses already successfully funded, between us we have already learnt a lot about what works… Read More

UKCFA Calls for Feedback on FCA Crowdfunding Regulation

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

Examining The Broad Use Of The Term “Crowdfunding”

A new method of capital raising that is gaining increasing interest is crowdfunding. Generally, the term “crowdfunding” is used to describe a form of capital raising whereby groups of people pool money, typically comprised of very small individual contributions, to support an effort by others… Read More

Initial Response to FCA Consultation Paper on Crowdfunding is Positive

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

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