FSC Launching Framework on Crowdfunding

26th Nov 2021
Following an event held at FSC House on the 25th of November 2021, the FSC announced the launching of the Regulatory Framework on Crowdfunding. The FSC has set out a comprehensive Regulatory Framework on Crowdfunding as announced in the National Budget Measures 2019/2020. Amendments were brought to the Financial Services Act 2007 (“FSA”) to include ‘Crowdfunding’ as a financial business activity under Part I of the Second Schedule to the FSA.