The report provides in depth cover of the current regulatory approaches to crowdfunding in 29 countries, considering the varying applications of the single market legislation to Crowdfunders across Europe both now and in the foreseeable future. The report also reviews Crowdfunding regulation in North America and Israel.
On 3 October 2013 the European Commission started a public consultation asking for opinions on a (possible) harmonised regulation of Crowdfunding until 31 December 2013. Crowdfunding is already restricted by national regulatory provisions, but the continuing development of the European single market in financial services has and will continue to ensure that there is a small degree of conformity between those national regimes, even absent any Crowdfunding-specific European regulation. Further it can be anticipated that Crowdfunding could be even more restricted under the future AIFMD regime. The report can be viewed / downloaded here
Source: European Crowdfunding Network, Belgium (2013) http://crowdfundingnetwork.org
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