Which is the UK Crowdfunding Association. The website includes a Code of Practice and FAQs.
More crowdfunding here.
A NOTEPAD ON COMPANY AND FINANCIAL LAW, NEWS AND REGULATION
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.
Summary of industry stance and the Treasury / FSA consultations promised in the New Year, from Pinsent Masons.
See also: FSA acknowledges that crowdfunding exists, says that it is only for sophisticated investors and more crowdfunding here.
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: