On February 3, 2015, the UK Financial Conduct Authority (“FCA”) published its review of the regulatory regime for crowdfunding. The document sets out the FCA’s approach to regulating loan-based and investment-based crowdfunding platforms, including the new rules introduced in March 2014. The FCA does not, at this stage, intend to amend its rules or approach to supervision of the market but will undertake a full review of the crowdfunding market and regulatory framework in 2016.

The FCA review document is available at: http://www.fca.org.uk/static/documents/crowdfunding-review.pdf