22 February 2017
visit nextgenbanking.co.uk

New Zealand gives green light to crowdfunding

27 February 2014  |  4620 views  |  0 Blurr Business People Walking

Financial market authorities in New Zealand have approved regulations for crowd funding and peer-to-peer lending as part of the government's financial market overhaul.

Commerce Minister Craig Foss says that under the new rules there will be no investor caps for equity crowd-funding, other than the previously announced $2 million cap that a company can raise through the process each year.

Furthermore, offers engaging in equity crowd funding and peer-to-peer lending will no longer need to prepare a prospectus or an investment statement before fund raising from the public.

Says Foss: "This is an exciting development for both start-up businesses and investors. With the regulations coming into force on 1 April, New Zealand will lead the Asia-Pacific region in the development of crowd-funding regulation."

Financial regulators the world over are adapting their rules to take account off the growth and popularity of crowdfunding as an alternative source of capital, with the Securities and Exchange Commission and in the US and the UK's Financial Conduct Authority each consulting on fresh proposals.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Iosco weighs in on crowdfunding oversight

Iosco weighs in on crowdfunding oversight

06 February 2014  |  4731 views  |  0 comments | 7 tweets | 2 linkedin
Crowdfunding in the UK set to raise £1.6 billion in 2014

Crowdfunding in the UK set to raise £1.6 billion in 2014

13 December 2013  |  5558 views  |  0 comments | 10 tweets | 9 linkedin
SEC proposes new crowdfunding rules; FCA begins consultation

SEC proposes new crowdfunding rules; FCA begins consultation

24 October 2013  |  4848 views  |  0 comments | 4 tweets | 3 linkedin
EC explores crowdfunding action

EC explores crowdfunding action

03 October 2013  |  6115 views  |  0 comments | 5 tweets | 3 linkedin
Bank economists warn of disruptive threat from mobile and crowdfunding

Bank economists warn of disruptive threat from mobile and crowdfunding

04 July 2013  |  47408 views  |  0 comments | 70 tweets | 18 linkedin
ING Direct backs Oz crowdfunding platform for social entrepreneurs

ING Direct backs Oz crowdfunding platform for social entrepreneurs

02 May 2013  |  6134 views  |  0 comments | 4 tweets | 2 linkedin
Crowdcube becomes first regulated crowdfunding platform

Crowdcube becomes first regulated crowdfunding platform

04 February 2013  |  8941 views  |  0 comments | 16 tweets | 4 linkedin
Australian and UK regulators warn on crowdfunding risks

Australian and UK regulators warn on crowdfunding risks

14 August 2012  |  6062 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Visit Yelloco.co.ukvisit BNP paribasvisit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
18834 views 11 comments | 56 tweets | 92 linkedin
EBA to relax controversial PSD2 authentication rulesEBA to relax controversial PSD2 authentica...
9893 views comments | 49 tweets | 67 linkedin
hands typing furiouslyBlockchain Technology
9307 views 0 | 8 tweets | 1 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
8853 views comments | 19 tweets | 15 linkedin
RBS to become fintech fund and high street outlet for challenger banks under HMT remedyRBS to become fintech fund and high street...
7569 views comments | 37 tweets | 33 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job