Which is the UK Crowdfunding Association. The website includes a Code of Practice and FAQs.
More crowdfunding here.
8 January 2013
Crowdfunding and peer-to-peer lending: delay to new SEC rules
A lengthy NYT article discusses the rise of crowdfunding and peer-to-peer lending in the United States, and the delay in writing new rules required under the JOBS Act as the SEC struggles to balance encouraging these new financing models with investor protection.
See also: Lots more crowdfunding posts.
10 December 2012
Regulation of peer-to-peer lending
Summary of industry stance and the Treasury / FSA consultations promised in the New Year, from Pinsent Masons.
12 October 2012
Crowdfunding: Kickstarter to open to UK-based projects
Kickstarter, one of the original crowdfunding websites, will open to UK projects at the end of October (see its blog posting here, and good FT article here).
See also: FSA acknowledges that crowdfunding exists, says that it is only for sophisticated investors and more crowdfunding here.
20 September 2012
Peer-to-peer lending and equity platforms: no new regulation for crowdfunding, confirms the Government
In a paper published today by BIS, “Removing Red Tape for Challenger Businesses”, the Government confirms that it will not introduce a new regulatory regime for peer-to-peer platforms. The industry will instead be encouraged to self-regulate by asking the Peer-to-Peer Finance Association to increase membership and continue to build its voluntary code. A Government and agency working group will be formed to “monitor the appropriateness of the current regulatory regime”.
The following excerpt from the BIS paper succinctly describes the existing regulatory regime and why BIS has decided – for the time being – not to change the existing rules around peer-to-peer lending and crowdfunding:
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