ShareIn’s Appointed Representative Services

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FCA welcome pack photo

Is Equity Crowdfunding A Regulated Activity?

Yes – equity crowdfunding is a regulated activity in the UK and each country across the world has specific regulations regarding the adoption of equity crowdfunding.

The Financial Conduct Authority (FCA) in the UK issued a Policy statement (14/4) The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of nonreadily realisable securities by other media, in March 2014.

Is ShareIn Authorised By the FCA?

Yes. ShareIn is authorised and regulated by the UK Financial Conduct Authority (FRN 603332).

While ShareIn was waiting for our application to the FCA to be become directly authorised we became an Appointed Representative (AR) of an authorised entity in order to trade. We were an AR for around 9 months (18/9/13 – 19/6/14) and had a reference number with the FCA of 607486. This was useful for us as we didn’t know how long our application would take.

We received confirmation in June 2014 that we had been approved as a directly authorised firm. Companies can’t be both directly authorised and AR at the same time so we got our own Authorisation FRN (603332) and stopped being an AR (607486).

ShareIn found it really useful being an AR and thought that we’d like to offer the same service to others.

Become A ShareIn Appointed Representative

ShareIn can provide Appointed Representative Services for equity crowdfunders. Using this umbrella service allows you to operate in a compliant manner without the need for your own direct FCA authorisation. As ShareIn is authorised and regulated by the FCA , we can provide appropriate entities with the regulatory permissions to get their equity crowdfunding business started.

Our appointed representative agreements offer you:

  • Compliance – A robust solution to your equity crowdfunding financial regulatory compliance.
  • Training – UK equity crowdfunding compliance guidance and training.
  • Operations – A compliance manual and framework for you to operate.
  • Fair price – Low up front cost with monthly pricing.

 

Operating a regulated entity certainly isn’t for everyone but if you’d like to find out more please contact me on Jude@ShareIn.com

 

 

jude@sharein.com'

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