Irish P2Ps welcome new crowdfunding regulations
The Central Bank of Ireland (CBI) has introduced a new crowdfunding regulatory regime, following a years-long campaign for regulatory recognition by Irish peer-to-peer lenders.
The new regime requires all crowdfunding service providers to be authorised and subject to operational requirements and investor protection measures.
They will also be required to incorporate appropriate warnings in their advertising to potential investors.
But the regulations also solidify the role of crowdfunding and P2P lending platforms as a key part of Ireland’s alternative finance ecosystem.
Linked Finance – the largest P2P lending platform in Ireland – said that it welcomes the CBI announcement as it marks the “official recognition of the important role P2P lending has to play as a source of funding to help growth the small- and medium-sized (SME) sector in Ireland.”
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Source: Irish P2Ps welcome new crowdfunding regulations | Peer2Peer Finance News