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Tuesday, 3 July 2012

FAQ on Crowdfunding Amendments to the Financial Services Bill

Today, the Financial Services Bill is being discussed in Committee Stage in the House of Lords. Set out below is an explanation I prepared on the amendments to the Financial Services Bill proposed (at 114) as a basis for promoting more effective competition in the interests of consumers and small businesses in the regulated financial markets, including the establishment of a new authorisation regime for direct finance platforms - or 'crowdfunding'.