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: The Financial Services and Markets Act 2000 (Prospectus and Markets in Financial Instruments) Regulations 2018, 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.
