The FCA released its Policy Paper PS14/04:”The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily available realisable securities by other media: Feedback to CP13/13 and final rules” on the 7th March. This article summarises and analyses the main thrust of the regulations for interested parties such as platforms, providers considering raising money in this way or advisers who already have clients who invest in crowdfunding. For advisers who are new to the sector, they should start with our “Overview for Advisers” article or our presentation “Crowdfunding, opportunity or threat?” Key Learning Outcomes from the Response…

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