Possible expansion of Class 6 Regulated Activity (Crowdfunding Platforms)
Feedback updated 15 Oct 2019
We asked
We asked for views on expanding Class 6 regulated activity (Crowdfunding Platforms) to allow a limited market for the secondary trading of crowdfunded investments.
You said
We received eight responses, seven of which were broadly in favour of the proposals.
We did
Class 6 regulated activity was expanded to include provision for a secondary market on 1 June 2019.
Overview
The Isle of Man Financial Services Authority has issued a consultation paper CP18-04/T16. This paper is seeking views on the possible expansion of Class 6 Regulated Activity (crowdfunding platforms) to include limited secondary trading facilities. The proposals may be of interest to all regulated entities, potential crowdfunders, professional advisors as well as the general public, being potential consumers of investment-based crowdfunding platforms. The Authority welcomes feedback from interested parties.
Why your views matter
To obtain information and views in respect of the Authority’s possible expansion of Class 6 Regulated Activity (crowdfunding platforms) to include limited secondary trading facilities.
Areas
- All Areas
Audiences
- All residents
- Black & minority ethnic
- Business owner
- Children & young people
- Civil and public servants
- Elected members - local government
- Elected members - MHKs
- Employees
- Homeowners
- Landlords
- Leaseholders/ landowners
- Lesbian, gay, transgender & bisexual
- Older people
- Other non-resident - business interests
- Parents, carers and & guardians
- People with disabilities or long term illness
- Retired
- Road users
- Self-employed
- Students
- Tenants
- Unemployed
- Visitors & tourists
- Volunteers
Interests
- Finance
Share
Share on Twitter Share on Facebook