SEC proposes rules for crowd-funding registration exemption
The US Securities and Exchange Commission (SEC) has released long-awaited proposed rules under the crowd-funding provisions of the Jumpstart Our Business Startups Act of 2012 (JOBS Act). The JOBS Act crowd-funding provisions provide an exemption from registration for securities offerings under certain conditions. The recent proposed rules are not final, and the SEC is accepting comments on the proposed rules until 3 February 2014.
Issuers that are organised outside of the US or that are already subject to periodic SEC reporting requirements may not rely on the crowd-funding registration exemption…
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The EU Parliament has voted to introduce a trust registry as part of new anti-money laundering provisions.
From 6 April 2014, LLP members will be taxed as employed if less than 20 per cent of their remuneration is linked to the overall profitability of the LLP.
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