The Financial Conduct Authority in the UK has released the Loan-based (‘peer-to-peer’) and investment-based crowdfunding platforms: Feedback on our post-implementation review and proposed changes to the regulatory framework consultation paper. Proposals include changes to peer-to-peer (P2P) promotions, which may now target sophisticated investors, high net worth investors, those under advisement from authorised people and others who will not invest more than 10 percent of their net portfolio in P2P agreements. More here.
