This policy statement summarises and gives response feedback to CP13/13 - The FCA’s regulatory approach to crowdfunding (and similar activities). We also publish rules that came into force on 1 April 2014.
In this paper we outline the new regime that will apply to firms operating loan-based crowdfunding platforms (including peer-to-peer lending platforms).
We also update the regime applying to firms that either operate investment-based crowdfunding platforms or carry on similar regulated activities.
This policy statement will interest:
The new and amended rules came into force on 1 April 2014, subject to certain transitional arrangements.
In this paper we look at the implementation of the new rules so far. We will conduct a full post-implementation review of the rules in 2016.
Our rules require firms operating peer-to-peer platforms under interim permission to report certain information to us on a regular basis:
The completed forms, or an email confirming a Nil Return, should be sent to firstname.lastname@example.org.
If you have any questions about this data collection, please contact us.
For more information:
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