Key Points:
Government commits to crowd-sourced equity funding by public companies, but crowd-sourced funding by proprietary companies is up for discussion, but with no guarantees that it will happen.
The Government has released a set of proposals for crowd-sourced equity funding (CSEF), replacing the draft regime originally proposed by CAMAC in May 2014.
This time, however, there may be light at the end of the tunnel. The Government appears to have definitely decided on its preferred model for crowd-funding by public companies. In a new development, it is also considering allowing proprietary companies to access crowd-funding.
It says that it intends to introduce crowd-funding legislation into Parliament in the Spring Sittings (which run until early December). That legislation will definitely cover public companies, but the Government gives no commitment that it will extend to proprietary companies.
