Crowdfunding and authorisation

Some types of crowdfunding need our authorisation and others don’t. Find out the differences here.

We regulate

We don’t regulate

  • loan-based crowdfunding (peer-to-peer) – where people lend money to borrowers, alongside other lenders, in return for interest payments and a repayment of capital over time (this falls under the permission ‘operating an electronic system in relation to lending’)
  • investment-based crowdfunding – where people invest, alongside other investors, in businesses by buying shares or debt securities
  • donation-based crowdfunding – where people give money to organisations or charitable causes they want to support and do not expect a return
  • rewards-based crowdfunding - where people give money in return for a non-financial reward, service or an example of the product they have invested in

Detailed information

Investment-based crowdfunding: see our information for retail intermediaries and authorisation

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