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ARTICLE · 26 MAY 2015

Isle Of Man Looks To Pull In The Crowds

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The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.

Isle of ManWealth Management

The Isle of Man Financial Supervision Commission (FSC) has issued a consultation in relation to proposals to create a specific regulatory regime to facilitate crowdfunding activity.

Crowdfunding has gained considerable attention around the globe of late. Whilst the volume of funds raised remains modest, when compared to traditional financing mechanisms, the sector is growing exponentially.

Although international norms as to the regulation of this sector are unlikely to emerge for some time, the Isle of Man's proposal for a dedicated regime must surely be the preferred route. Potential platform operators looking to establish in an IFC such as the Isle of Man will always need to clarify the cross-border implications, as regards key target markets; if they do so, the Isle of Man could provide an attractive business base.

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