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ARTICLE · 01 APRIL 2014

FCA Publishes Policy Statement On Crowdfunding Regulation

Nabarro LLP
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On 6 March 2014, the Financial Conduct Authority published Policy Statement 14/4 outlining the FCA's final rules on the regulation of crowdfunding.

United KingdomCorporate/Commercial Law
Sam Robinson
Sam Robinson
John Finnemore
John Finnemore
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Summary and implications

On 6 March 2014, the Financial Conduct Authority (FCA) published Policy Statement 14/4 (Policy Statement) outlining the FCA's final rules on the regulation of crowdfunding. We previously highlighted that this Policy Statement had been published and summarised the new rules on the Nabarro website. This article now provides further detail relating to the new rules in this area.

Background

In October last year, the FCA published Consultation Paper 13/3 (Consultation Paper) which outlined the FCA's proposals to regulate loan-based and investment-based crowdfunding ( click here for a link to our analysis of the Consultation Paper). Having received 98 responses to the Consultation Paper, the FCA has published the recent Policy Statement confirming how it now proposes to regulate the crowdfunding industry.

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