The UK Crowdfunding Association warns that FCA's stringent regulations are stifling investment and may lead to billions in lost potential funding for SMEs.
Bruce Davis of UKCFA highlighted that the UK is one of the most regulated crowdfunding markets, urging a review to balance protection with investment opportunities.
Critics argue FCA's reforms, including risk warnings and stricter tests, have increased marketing costs and deterred investors, leading to reduced fundraising opportunities.
The UKCFA claims that the over-regulation by FCA could restrict up to £16 billion in funding for SMEs, which are crucial for economic growth.
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