ECN Review of Crowdfunding Regulation 2014

The second edition of ECN Review of Crowdfunding Regulation 2014 was published in December 2014 by the European Crowdfunding Network. The Report covers the legal frameworks in 30 countries across Europe, the USA, Canada and Israel.
Details of how crowdfunding of all types is treated under national regulation across Europe and beyond can be found in the publication.

A PDF copy of the report can be downloaded here.

The report indicates that we are still far from a single European market for crowdfunding, and could even be further from it a single than last year due to what can only be described as uncoordinated regulatory actions on national levels. ECN believe that they are able to work with its network members and stakeholders to establish guidelines for best practices, but confirms that we need to be realistic about the effect of such guidelines in a highly fragmented European market. ECN therefore ask policy makers and regulators, both on national and European level, and especially the new President of the European Commission and his team and his Commissioners to engage into a constructive discourse. ECN believe that a framework and conditions for success has to be created that will ultimately help entrepreneurs, innovators and our private investors to build a growing economy. The creation of a pan-European capital market will contribute to a better allocation of private funds and, as a consequence, to the development of small and medium sized enterprises which in turn will again lead to increased job creation. Small and medium sized enterprises are the backbone of the European economy and they are the main source for employment and value creation across the continent. With this paper we can only give a small insight in the complexities of European legislation keeping back private capital allocation into entrepreneurship, innovation and job creation. http://www.eurocrowd.org/