News & Analysis as of

Crowdfunding United Kingdom

Crowdfunding is a method for raising capital whereby many individuals network and pool their funds, usually via the internet or social media. Crowdfunding methods are used in a variety of circumstances including,... more +
Crowdfunding is a method for raising capital whereby many individuals network and pool their funds, usually via the internet or social media. Crowdfunding methods are used in a variety of circumstances including, but not limited to, supporting charitable organizations, disaster relief, product development, artistic projects, and financing start-up companies. The passage of the JOBS Act of 2012 sought to broaden the use of crowdfunding in developing private capital for start-up companies by relaxing certain SEC investor registration requirements. less -
A&O Shearman

Investigations update: Hong Kong authorities ramp up enforcement in virtual assets and other sectors

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Hong Kong has seen cryptocurrencies grow in popularity, highlighting the need for appropriate licensing regimes (implemented in the form of virtual asset service providers (VASPs)), bolstered by active enforcement actions. ...more

Skadden, Arps, Slate, Meagher & Flom LLP

Crowdfunding Regulation: Major Reform in the EU, No Change in the UK

Although crowdfunding has existed in various forms since the late 1990s, the global financial crisis in 2008 accelerated the trend of channelling consumer and business lending through crowdfunding platforms. This mode of...more

Hogan Lovells

Securities and markets regulatory news, March 2021 # 2

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Brexit and Debt Capital Markets transactions: some practical perspectives -Following the end of the Brexit transition period, debt capital markets participants may now need to consider both EU rules and the parallel UK rules...more

Hogan Lovells

Banking and finance regulatory news, March 2021

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Resolvability Assessment Framework: BoE Dear CEO letter The Bank of England (BoE) has published a letter sent by Dave Ramsden, BoE Deputy Governor for Markets and Banking, to the CEOs of the eight UK banks in the scope of the...more

Hogan Lovells

Securities and markets regulatory news, October 2020 # 3

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ISDA 2020 IBOR Fallbacks Protocol to be launched on 23 October 2020 - The International Swaps and Derivatives Association, Inc. (ISDA) has announced that the ISDA 2020 IBOR Fallbacks Protocol, which is designed to assist...more

Hogan Lovells

Securities and markets regulatory news, October 2020 # 2

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MiFIR: FCA statement on trade reporting and position limit obligations - The UK Financial Conduct Authority (FCA) has published a statement on trade reporting and position limit obligations under the Markets in Financial...more

A&O Shearman

UK Regulator Wants Stronger Wind-Down Plans for Loan-Based Crowdfunding Platforms

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The Financial Conduct Authority has published a "Dear CEO" letter addressed to loan-based peer-to-peer crowdfunding platforms requesting the platforms to review their wind-down arrangements. The FCA implemented rules...more

Orrick, Herrington & Sutcliffe LLP

UK and EU Move Slowly Toward Virtual Currency Regulatory Scheme in Recent Statements

In the last month, UK and European politicians have been vocal about the regulation, or lack thereof, in the virtual currency sphere. ...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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The results are in, and Comcast has bested Fox in the quest for British satellite broadcaster Sky with a final bid of roughly $39 billion in the unusual 3-round auction overseen by the UK’s Takeover Panel. The result must be...more

A&O Shearman

Key Regulatory Topics: Weekly Update 10 August 2018 – 16 August 2018

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BREXIT - Please see the ‘Other Developments’ section for an update on the minutes of the meeting between the Governor of the BoE and the Chancellor of the Exchequer on the June Financial Stability Report....more

A&O Shearman

UK Financial Conduct Authority Proposes Changes to Rules Governing Peer-to-Peer Lending Platforms

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The Financial Conduct Authority has launched a consultation on new rules for loan-based crowdfunding platforms, also known as peer-to-peer lending platforms. The FCA implemented rules regulating FCA-authorized firms operating...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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Representatives of the US’s biggest stock exchanges have questioned the SEC’s plan to change how markets work by altering the current “maker-taker” system and imposing new transparency and conflict-of-interest rules on...more

A&O Shearman

UK Regulator Concerned that Loan-Based Crowdfunding Platforms may be Facilitating Loans to Lending Business that are not Properly...

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The Financial Conduct Authority has published a letter addressed to the CEOs of firms operating a loan-based crowdfunding platform about concerns that the platforms may be facilitating loans to lending businesses that do not...more

Morrison & Foerster LLP

UK Regulations: Urgent Action Required from Loan-based Crowdfunding Platforms

The UK’s Financial Conduct Authority (“FCA”) published a “Dear CEO” letter on 28 February 2017 that requires urgent action from firms which operate a loan-based crowdfunding platform that facilitates loans to lending...more

WilmerHale

In Case You Missed It: Launch Links - November, 2016 #4

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Some interesting links we found across the web this week: The Tough Questions You Must Discuss Before You Take the Money - VCs and the founders should get on the same page before signing on the dotted line. ...more

Cooley LLP

Blog: TSC publishes crowdfunding correspondence with PRA & FCA. “Tax incentives” now at risk?

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The UK’s Treasury Select Committee (TSC) has published an exchange of letters with each of the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA). In the covering press release, TSC Chair, Andrew...more

Cooley LLP

Blog: FCA review of crowdfunding & peer-to-peer lending rules – change and enforcement likely to follow

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The FCA has published a “Call for input to the post-implementation review of [its] crowdfunding rules“. Some will think this is code for “move along please, there’s nothing to see here” – and that would be understandable. But...more

A&O Shearman

UK Treasury Committee Requests Regulators to Consider Risks and Opportunities of Crowdfunding

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The Treasury Committee of the UK Parliament announced that Andrew Tyrie MP, Chairman of the Treasury Committee, had written to Financial Conduct Authority and the Prudential Regulation Authority requesting further information...more

Cooley LLP

Blog: UK Treasury Select Committee To Investigate Adequacy & Appropriateness Of Crowdfunding Regulation?

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The Chairman of the Treasury Select Committee (TSC), Andrew Tyrie MP, has written to the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) about crowdfunding. Although he doesn’t say so in terms,...more

Robins Kaplan LLP

Your daily dose of financial news The Brief – 5.31.16

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A lawsuit over an alleged Ponzi scheme involving a fund pushed by MetLife agents is raising hard questions for the insurance giant over the reaches of corporate liability...more

Cooley LLP

Blog: Peer-To-Peer Lending: Updates From The FCA & HM Revenue & Customs

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The FCA has published a “Statement on Peer-to-Peer applications for full authorisation“. As at 30 March 2016: 8 Peer-to-Peer (P2P) lending platforms had been fully authorised by the FCA...more

Robins Kaplan LLP

Your daily dose of financial news The Brief – 4.4.16

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It appears that Alaska Airlines has won in the pursuit of Virgin America’s operations, beating out rival JetBlue for the former Richard Branson venture. Alaska announced this morning that “had agreed to acquire Virgin America...more

Cooley LLP

Blog: The Growth Of UK Peer-To-Peer Lending & Crowdfunding: A Good News Story

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The University of Cambridge and Nesta have published their latest report on the growth of the UK’s P2P lending and alternative finance industry, and it makes very happy reading indeed. ...more

Katten Muchin Rosenman LLP

Corporate and Financial Weekly Digest - Volume XI, Issue 4

SEC/CORPORATE - Crowdfunding Portals Can Now Register With the SEC - As discussed in the November 6, 2015 edition of the Corporate and Financial Weekly Digest, on October 30, 2015, the Securities and Exchange...more

Morrison & Foerster LLP - JOBS Act

Looking Abroad

Speaking today at a Practising Law Institute session, Keith Higgins, Director of the Division of Corporation Finance of the SEC, Higgins addressed a number of interesting topics. For example, Mr. Higgins commented on the...more

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