Crowdfunding websites clamour for clearer regulation
Agencies: London, Dec 07 2012, 13:40 IST
aspects of policy on such sites.
The FSA said that it considers authorisation of crowdfunding schemes case by case. The European Commission, meanwhile, is considered as so far having had a largely observational role.
Though the introduction of a separate regulated activity could still be some way off, the co-founder of peer-to-peer site Zopa, Simon Deane-Johns, believes that increased engagement with governments and regulators shows that things are moving in the right direction.
"Over the next year or two it should become progressively easier to set up a platform," he said, "possibly through a combination of the FSA understanding more readily where things fit within the current regime and balancing that with some self-regulation."
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