The IOSCO Research Department recently released a staff working paper that considers the emerging growth of crowdfunding. In addition to analyzing the benefits and risk of crowdfunding, the paper considers platform business models, current regulatory regimes and trends, and potential regulatory next steps.
As we previously noted, the Ontario Securities Commission intends to release proposed new prospectus exemptions for comment in the first quarter of this year. A crowdfunding exemption is one of four exemptions under consideration.
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