Combined Response to the Third Consultation on Crowdfunding and Other Changes to the Regulated Activities Order, Financial Services (Exemptions) Regulations and Financial Services (Fees) Order

Published on: 31 March 2016

The Isle of Man Financial Services Authority has today published a combined response to the third consultation on:

crowdfunding and the draft legislation and licence conditions for crowdfunding platforms; and
other non-crowdfunding related changes to the Regulated Activities Order, Financial Services (Exemptions) Regulations and Financial Services (Fees) Order.

Part 1 was particularly relevant to —

any person currently offering investment-based or loan-based crowdfunding services or considering providing such services; and
to consumers who may be interested in using such services.

Part 2 was particularly relevant to —

all persons holding a licence under the Financial Services Act 2008; and
those who are exempt from requiring a licence under the Financial Services Act 2008, particularly individuals providing director services.

The consultation response and associated appendices can be found on the consultation webpage.