FCA tackles crowdfunding

In publishing CP13/131, the Financial Conduct Authority (FCA) sets out a proposal for the regulation of crowdfunding, covering both peer-to-peer (P2P) lending and investment-based crowdfunding platforms (CFPs).

The FCA’s proposals represent the first real attempt in the UK to consolidate and regularise how innovative crowdfunding platforms designed to ‘democratise’ finance should be supervised. The FCA proposals are underpinned by four key assumptions that may sound obvious but have not been universally accepted.

Crowdfunding platforms that have an investment aspect to them (as opposed to platforms merely focused on donations or non-investment project sponsorship) are already highly likely to need a licence. Peer-to-peer lending platforms are not comprehensively regulated under the existing Consumer Credit Act regime but shortly the FCA will regulate a new activity of ‘operating an electronic system in relation to lending’…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer


5 New Street Square

Turnover (£m): 241.20
No. of lawyers: 860 (UK 200)
Jurisdiction: UK
No. of offices: 6
No. of qualified lawyers: 73 (International 50)
No. of partners: 29