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January 14, 2021   Entrepreneurs and Start-ups, Equity Crowdfunding, FinTech and Alternative Finance, Fintech International, Fundraising and Investing, Innovation and Resources, Legal Issues and Regulation, Stories, Venture funding Best Practices   No comments

Regulation Crowdfunding Cap moves from $1.07M to $5M on March 15, 2021

Crowdfund Capital Advisors | Sherwood Neiss | Jan 14, 2021

Federal register RegCF increase caps to 5M - Regulation Crowdfunding Cap moves from $1.07M to $5M on March 15, 2021

Today the Securities and Exchange Commission entered into the Federal Register the amendments to Regulation Crowdfunding. Specifically, facilitating capital formation and expanding investment opportunities by improving access to capital in private markets.

These include:

  • Raising the offering limit in Regulation Crowdfunding from $1.07 million to $5 million;
  • Amending the investment limits for investors in Regulation Crowdfunding offerings by:
    • removing investment limits for accredited investors; and
    • using the greater of their annual income or net worth when calculating the investment limits for non-accredited investors;
  • Extending for 18 months the existing temporary relief providing an exemption from certain Regulation Crowdfunding financial statement review requirements for issuers offering $250,000 or less of securities in reliance on the exemption within a 12-month period;
  • Permitting Regulation Crowdfunding issuers to “test-the-waters” prior to filing an offering document with the Commission in a manner similar to current Regulation A and,
  • Establishing rules that permit the use of Special Purpose Vehicles (SPV) that function as a conduit for investors to facilitate investing in Regulation Crowdfunding issuers.

See:  NCFA Response to CSA on NI 45-110 Harmonized Securities Crowdfunding Rules

 

View the Federal Register and Final Rule --> here

 

NCFA Jan 2018 resize - Regulation Crowdfunding Cap moves from $1.07M to $5M on March 15, 2021 The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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