British Crowdfunding Firms Getting Cold Shoulder From Europe Due to Brexit

While the British High Court just ruled today that Parliament must vote on Brexit, United Kingdom crowdfunding firms are already feeling the Brexit effects as British representatives are being “shut out” of meetings of the committees of the European Parliament that are considering new rules.

The Brits are particularly concerned that the discussions about “the development of the prospectus…will have a direct impact on how our business is run.”

It is well known that Germany is trying to lure British financial firms to Frankfurt (notwithstanding an office space shortage) as is France and even Ireland.
https://www.euractiv.com/section/uk-europe/news/uk-fintech-finds-eu-barriers-emerging-after-brexit-vote/

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About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, Uncategorized, VC, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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