Crowdfunding: regulating peer-to-peer and peer-to-business lending | Practical Law

Crowdfunding: regulating peer-to-peer and peer-to-business lending | Practical Law

Restricted access to traditional sources of funding in recent years has seen a growth in alternative finance sources for new businesses and ventures. Crowdfunding has seen particular growth. From 1 April 2014, loan-based crowdfunding will be regulated by the Financial Conduct Authority. It will be covered by the new regulated activity of operating an electronic system in relation to lending.

Crowdfunding: regulating peer-to-peer and peer-to-business lending

Practical Law UK Articles 9-561-9327 (Approx. 6 pages)

Crowdfunding: regulating peer-to-peer and peer-to-business lending

by Emily Reid and Julie Patient, Hogan Lovells International LLP
Published on 27 Mar 2014 • United Kingdom
Restricted access to traditional sources of funding in recent years has seen a growth in alternative finance sources for new businesses and ventures. Crowdfunding has seen particular growth. From 1 April 2014, loan-based crowdfunding will be regulated by the Financial Conduct Authority. It will be covered by the new regulated activity of operating an electronic system in relation to lending.