Possible expansion of Class 6 Regulated Activity (Crowdfunding Platforms)

Closed 5 Oct 2018

Opened 23 Aug 2018

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 We Are Consulting

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

  • Anyone from any background

Interests

  • Finance