News
Amendments to Consob Regulation on crowdfunding to be approved
- 19/09/2017
On 6th July 2017, the Consob (the public authority responsible for regulating the Italian financial markets) has started a consultation in order to review its Regulation no. 18592 of 26th 2013 on the collection of capitals through online portals (so-called crowdfunding).
Such update has become necessary after the passing of 2017 Budget Law. Rules on crowdfunding which were applicable only to start-ups and innovative small and medium enterprises (SME), are now applicable to all small and medium enterprises, as defined by the European law.
As to the proposals of amendments to the Regulation, it is to be noted that the Consiglio Nazionale dei Dottori Commercialisti e degli Esperti Contabili(Italian National Council of Accountants ) has suggested that small enterprises may be required to be assisted by advisors so as to be able to deal with equity-crowdfunding operations.
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