Legal Regulation of Crowdfunding in the UK

Abstract

The paper describes the current regulatory provisions in the field of crowdfunding applicable in the UK; the features of the local legal regulation of this phenomenon, as well as the historical aspects of its formation and possible prospects and development trends are noted. The paper defines the regulated forms of crowdfunding, as well as the regulatory order that crowdfunding platforms must comply with; highlights the procedure for the admission of participants in crowdfunding companies to carry out activities on the basis of crowdfunding platforms; outlines the basic requirements that potential providers of crowdfunding services must meet. The paper highlights the important role of the Financial Conduct Authority (FCA) in the development of UK crowdfunding legislation, analyzes the measures taken by the Office in this direction, as well as the priority areas of the Office’s activities in the context of the development of new norms of special rules, acts and regulations.