UKCFA welcomes FCA crowdfunding review: UKCFA has issued a statement welcoming FCA's review of the crowdfunding sector and its conclusion that the UK does not need any new regulation. UKCFA says it will continue to campaign for changes to the authorisation process. It also wants to persuade FCA to remove the appropriateness tests and investor categorisation for lower risk debt securities (effectively loans to established/asset-backed businesses) and for smaller one-off friends and families investors to whom these tests represent a real barrier. (Source: UKCFA Response to FCA's Crowdfunding Review)