29 September 2016
Business Intelligence: A Tech Revolution for the Evolution in Compliance

New Zealand gives green light to crowdfunding

27 February 2014  |  4455 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  |  4549 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  |  5429 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  |  4666 views  |  0 comments | 4 tweets | 3 linkedin
EC explores crowdfunding action

EC explores crowdfunding action

03 October 2013  |  5937 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  |  46888 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  |  5973 views  |  0 comments | 4 tweets | 2 linkedin
Crowdcube becomes first regulated crowdfunding platform

Crowdcube becomes first regulated crowdfunding platform

04 February 2013  |  8731 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  |  5910 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
Find out moreVisit VocaLink.comVisit colt.net

Who is commenting?

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
14485 views comments | 55 tweets | 48 linkedin
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
9666 views comments | 30 tweets | 29 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
9143 views comments | 33 tweets | 18 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7473 views comments | 14 tweets | 30 linkedin
US gets same day ACHUS gets same day ACH
7014 views comments | 23 tweets | 20 linkedin

Featured job

Find your next job