HM Treasury publishes consultation results on ISAs for investment based crowdfunding

HM Treasury has published the results of its consultation on whether to include investment based crowdfunding in ISAs. The response to the consultation summarises the comments received and sets out the government’s decisions on how to proceed. This includes the decision to extend the list of qualifying investments for the new Innovative Finance ISA to include debt securities offered via a crowdfunding platform and a commitment to work with the sector to continue to explore the case for including equity based crowdfunding.

Draft legislation setting out the government’s approach for implementing this change will be published for consultation following technical discussions with interested parties, with a view to legislating to allow crowdfunded debt securities to be held in an Innovative Finance ISA from autumn 2016.

The Treasury’s statement and the full report can be found here.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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