Prospectus Threshold will be raised to €8 million


#1

Jeff Lynn from Seedrs shared on Seedrs, HM Treasury will be raising the prospectus threshold from 21 July, it’ll be raised from be raised from €5 million to €8 million. So in practice this means Seedrs etc we will able to run campaigns of up to €8 million.

For those interested in the statutory background, here is the legislative instrument: http://www.legislation.gov.uk/uksi/2018/786/contents/made, it’s 2.2 In section 86(1)(e) (exempt offers to the public)(2) for “100,000” substitute “8,000,000”

It’s one less road block for Monzo and other over campaigns that were oversubscribed.


(Rob N) #2

Great news for crowdfunding! :tada: