Consultation Response on the possible expansion of class 6 Regulated Activity (crowdfunding platforms) to include limited secondary trading facilities

The Isle of Man Financial Services Authority has today published a Consultation Response (CR19-02/T16) following its consultation on the possible expansion of Class 6 regulated activity (crowdfunding platforms) to include limited secondary trading facilities.

Subject to the approval of Tynwald, amendments to the Regulated Activities Order will be considered by Tynwald in spring 2019, and are expected to come into effect before the end of Q2 2019.

The consultation response will be of particular interest to regulated entities, potential crowdfunding platforms, professional advisors as well as the general public, being potential consumers of investment-based crowdfunding platforms.