We asked for views on expanding Class 6 regulated activity (Crowdfunding Platforms) to allow a limited market for the secondary trading of crowdfunded investments.
We received eight responses, seven of which were broadly in favour of the proposals.
Class 6 regulated activity was expanded to include provision for a secondary market on 1 June 2019.
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.
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.
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