In the IFS 2020 Action Plan
2019, published this month, the Department of Finance signalled
that it plans to regulate crowdfunding in Ireland by putting in
place a domestic regulatory regime, in parallel with the European
Commission's planned cross-border framework.
In April 2017, the Department of Finance launched a public
consultation on the possible regulation of crowdfunding in Ireland.
In October 2017, the European Commission then signalled its
intention to publish its proposal for an EU-wide framework on
crowdfunding and peer-to-peer lending by the end of Q1 2018.
In light of the Commission's intentions, in its January 2018 Feedback
Statement on the public consultation, the Department of Finance
noted that it was not, at that time, suggesting the introduction of
domestic legislation to deal with crowdfunding, and that it would
instead monitor the progress of the Commission's proposal, and
implement any resulting EU legislation into Irish law.
