tag:blogger.com,1999:blog-7815640431651173676.post6204763842234797425..comments2024-01-01T23:38:31.538+00:00Comments on Faster Future: Possibilities now and beyond: New rules for Open Capital in the UKDavid Cushmanhttp://www.blogger.com/profile/09626601471173841299noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7815640431651173676.post-73174914328583138882014-03-18T17:43:29.327+00:002014-03-18T17:43:29.327+00:00Hi Paul. Yes I'm aware of that. But only seed...Hi Paul. Yes I'm aware of that. But only seedrs was when I wrote the bookDavid Cushmanhttps://www.blogger.com/profile/09626601471173841299noreply@blogger.comtag:blogger.com,1999:blog-7815640431651173676.post-45058805651995310082014-03-18T17:06:32.040+00:002014-03-18T17:06:32.040+00:00David - I think you will find that there are sever...David - I think you will find that there are several FCA approved crowd funding platforms Crowd cube certainly have been for some while.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7815640431651173676.post-13120180419778642482014-03-07T11:38:22.086+00:002014-03-07T11:38:22.086+00:00A valuable addition. Thank you AndrewA valuable addition. Thank you AndrewDavid Cushmanhttps://www.blogger.com/profile/09626601471173841299noreply@blogger.comtag:blogger.com,1999:blog-7815640431651173676.post-7893312782090757912014-03-07T11:16:39.827+00:002014-03-07T11:16:39.827+00:00Nice post, David. My answer to your question about...Nice post, David. My answer to your question about why you weren't asked whether you could afford to lose the amount you invested in Royal Mail would be that Royal Mail, as a publicly listed company, is already subject to far more stringent regulation than any crowd-funded start-up, governing everything from the prospectus it issues to shareholders to the rules surrounding trading in its shares.<br /><br />Here's what the FCA says about not imposing (for now), further rules on crowd-funders (page 15 of the paper): "In order to create a proportionate framework that balances regulatory costs against benefits, we are not prescribing how firms should address or disclose the relevant risks. Nor are we proposing to set requirements for minimum standards of due diligence at this stage. At present, it is for firms to determine the risks present in their business models and to develop appropriate processes to deal with them." From the point of view of advocates of open capital, these rules could have been far more cumbersome.<br /><br />Andrew HillAnonymoushttps://www.blogger.com/profile/02528055489591643505noreply@blogger.com