最有看点的互联网金融门户

最有看点的互联网金融门户
国际资讯

监管新政颁布:加拿大向众筹伸出橄榄枝

2014年3月2日,加拿大有六省监管者共同宣布了两项全新的众筹豁免条例,该条例允许早期企业(如初创企业和中小企业)通过发行股票的方式在线筹资,融资上限为150万美元资金。

此项新规对于像加拿大国家众筹协会这样的众筹支持者来说意味着显著的飞跃和积极的进步,自2012年10月份发起以来,该组织一直致力于与主要行业利益相关者、政府、监管机构、媒体、生态系统合作者和学术界合作,为具有"加拿大特色"的政策框架的发展提供教育、科研以及与其他有益的支持。

"尽管我们把2013年定位为加拿大国家众筹协会的"意识唤起与社区构建"年,但2014年会是比以往都要忙碌的一年。我们想对所有协会的投资者、赞助人、执行人员、顾问人员、形象大使以及会员表示感谢。我们正在共同引领一项伟大的事业的前进——我们需要你们持续的支持,"加拿大国家众筹协会的执行董事Craig Asano如是说。

整个众筹行业都处于爆发期,全世界的企业家、投资人、平台运营商、第三方服务提供商和专家们都在想方设法抢占有利位置来利用这个前景光明、全新的中小企业融资渠道获得好处。全行业持续保持高速增长,根据一家美国的调查机构Massolution的行业分析报告,自2011年至2013年,全球众筹市场规模已经从15亿美元增长至51亿美元。一家专注于创新领域的慈善组织NESTA预计,五年内众筹在英国一国的产业额度就将达到150亿英镑。

此次提交的这份《创业企业豁免条例》议案,2013年的12月份已经在萨斯喀彻温省实施。该条例规定,创业企业与中小企业在每12个月财年度筹集金额上限为30万美元。对于在众筹平台上发布募资信息不超过90天的项目,投资者可以最多对每个项目投资1500美元。这项创业豁免条例是以萨斯喀彻温省模式为基础的,不列颠哥伦比亚省(卑诗省)、马尼托巴省、魁北克省、新布伦兹维克省以及新斯科舍省的监管机构仍在就提案寻求公众建议,截止日期为2014年06月18号。

第二项是安大略省的提案版本,被称为《众筹豁免条例》,它是安大略省、马尼托巴省、魁北克省、新布伦兹维克省、新斯科舍省合作努力的成果。安大略省的证券监管委员会通过组织专门的工作力量,进行了大略的调研、举办了多次的市政讨论、组织不同领域的相关利益群体参与到协议讨论中来,最终提出了此项提案的动议。《众筹豁免条例》相比于萨省的提议设置了更高的限额标准,允许初创企业和中小企业在一年12月中最多可筹集150万美元,投资人每个项目最多可投资2500美元,一年内最多投资1万美元。

"监管机构应当因为他们周到的、咨询性的方案得到赞誉。这些监管提案在一些方面值得称道,而且会大大推动加拿大的初创企业从小到大的规模转变。"位于大布列颠哥伦比亚省的加拿大众筹平台的领导者FundRazr的创始人兼CEO Daryl Hatton这样评论道。

"众筹为企业成长提供强大动力,并且能够成为那些急需资本、投资者以加速创新的创业企业和中小企业的强力发动机,创造就业并且在国际舞台上开展竞争。中小企业是加拿大经济的支住,仅就安大略省而言,中小企业大约贡献50%的国内生产总值,55%的就业。"Launch120的总裁同时也是新任的加拿大国家众筹协会顾问Debra Chanda说道。

就全球立法情况来看,以澳大利亚为例,股权众筹已经被立法认可超过5年,平台领导者ASSOB(澳大利亚小企业募资委员会)已经为130多家企业筹集了1.3亿美元的种子资本和成长资本,其中83%的企业仍然在运转之中,并且没有出现任何欺诈的情况。

2013年众筹已经处于聚光灯下了,根据加拿大国家众筹协会的调查目录,加拿大的众筹平台数量从2012年的17家到2014年03月份的超过70家,增加了三倍还多。"我们去年已经经历了比较高速的增加,而对于众筹平台软件的需求还在持续增加中,"加拿大一家众筹平台软件提供商领导者Kapipult的创建人兼CEO Brock Murray说。

Craig Asano激动地说,"对于在加拿大的不同省份都能得到对股权众筹平台豁免优惠的广泛支持,我们感到非常激动。这项监管提案将会努力填补融资缺口,支持繁荣创业文化加速增长,提供支持性融资环境以同其它国家地区进行竞争,最终造福于所有的加拿大人和整个融资生态系统。

"我们希望经过一段时间,通过收集众筹交易的数据能够让监管层设置更合适的限额,以实现尽可能和谐的监管制度,也为二级市场的发展打下基础。而培训和尽职调研也是至关重要的,因为这有助于形成一个,以《初创企业豁免条例》和《众筹豁免条例》提案为核心的,高效、稳定和安全的早期行业背景。"背景和尽职调查企业领导者Inline Reference Check的总裁Myles Harding这样说。

关于加拿大国家众筹协会

加拿大国家众筹协会是加拿大众筹行业的坚定支持者。该协会于近年成立,充满活力、兼容并包,与行业集团、政府、学术界、其他行业协会以及会员密切合作,致力于在加拿大成为一个强大、有活力的众筹行业代言人。其会员包括加拿大乃至全球对众筹市场感兴趣的专业人员,公司以及非盈利机构(学生是最受欢迎的)。加拿大国家众筹协会是一个网络化、提供研究方案的机构,致力于为加拿大的众筹群体提供帮助、教育、支持和领导力。

On March 20, 2014, a total of six (6) provincial regulators announced two main proposals for new Crowdfunding prospectus exemptions that would allow early stage companies such as start-ups and SMEs to raise up to $1.5 million of capital online through the issuance of securities.

This represents a significant leap forward and positive progress for Crowdfunding advocates such as the National Crowdfunding Association of Canada (NCFA Canada), who has been working diligently with key industry stakeholders, government, regulators, media, eco-system partners and academia, since launching in October 2012, to provide education, research and valuable input into the development of a viable ?made in Canada? framework.

"While 2013 was a year of 'awareness and community building' for NCFA Canada, 2014 should prove to be busier than ever. We want to thank all of the Association's founding members, sponsors, directors, advisors, ambassadors, and members for all of their support. We are on the cusp of building something great together - we need your continued support", said Craig Asano, Executive Director of NCFA Canada.

The crowdfunding industry is exploding with entrepreneurs, investors, portal operators, third party service providers and experts from around the world who are all jockeying for position to take advantage of a promising and brand new fundraising channel for small to medium sized enterprises (SMEs).  The industry continues to grow at a tremendous rate with global crowdfunding markets increasing from $1.5 billion in 2011 to $5.1 billion in 2013, according to US-based Massolution's industry research report.  NESTA, a UK charity focused on innovation initiatives predicts that within 5 years crowdfunding could grow to £15 billion pounds in the UK alone.

The proposed "Start-up Exemption", which has already been adopted in Saskatchewan (SK) last December 2013, would allow start-ups and SMEs to raise up to $300,000 per 12 month calendar year.  Investors can invest up to$1,500 per deal on crowdfunding portals that distribute offerings for up to 90 days online.  The Start-up Exemption is based-on the Saskatchewan model and provincial regulators in British Columbia, Manitoba, Quebec, New Brunswickand Nova Scotia are seeking public comments until June 18, 2014.

A second proposal is Ontario's version called the 'Crowdfunding Exemption', which has been a collaborative effort between Ontario, Manitoba, Quebec, New Brunswick and Nova Scotia, with the Ontario Securities Commission leading the initiative by setting up a dedicated task force that has conducted a remarkable amount of research, hosted numerous town halls and reached out to various community stakeholders to engage in consultation sessions.  The 'Crowdfunding Exemption'  has higher caps and limits than the SK model, and would allow start-ups and SMEs to raise up to $1,500,000 per 12 month calendar year with investors being able to invest up to $2,500 per deal and up to$10,000 per year.

"The regulators should be commended for their thoughtful and consultative approach.  The proposed regulations have some great characteristics and will help propel Canadian early stage companies from the farm team to the big leagues," said Daryl Hatton, CEO/Founder of FundRazr, Canada's leading crowdfunding portal based in B.C.

"Crowdfunding powers business growth and is a strong economic generator for start-ups and SMEs who need capital and investors to fuel innovation, create jobs and compete on the global stage.  SMEs are the backbone of Canada'seconomy representing approximately 50% of GDP an employing 55% of all the jobs in Ontario alone," said Debra Chanda, President of Launch 120, and newly appointed Advisor at NCFA Canada.

In international jurisdictions such as Australia, where equity crowdfunding has been legally permitted for over 5 years, leading portal ASSOB (Australian Small Scale Offerings Board) has raised over $130 million in seed and growth capital for over 130 companies of which 83% of them are still operating without a single incident of fraud.

Crowdfunding was in the spot light in 2013 with the number of Canadian portals more than tripling from 17 in 2012 to over 70 in March 2014, according to the NCFA Canada Crowdfunding Directory.  "We've enjoyed high growth last year and the demand for portal software continues to ramp up," said Brock Murray, CEO and Co-founder of Katipult, Canada's leading crowdfunding portal software provider.

Craig Asano enthused, "We're thrilled that there is such wide support to adopt equity crowdfunding exemptions in various provinces across Canada.  The proposed regulations will benefit all Canadians and the entire capital raising eco-system by working to fill the 'funding gap' and pave the way for Canada to support a thriving entrepreneurial culture to compete with other international regions that accelerate growth and provide supportive funding environments."

"We're hopeful that over time, data collected from crowdfunding transactions will enable regulators to 'right size' policy and edge closer to a harmonized set of rules and also lay the foundation for a second market.  Education and due diligence will be of the highest importance to ensure early stage crowdfunding markets formed around 'The Start-up Exemption' and the 'Crowdfunding Exemption' proposals are efficient, sustainable and safe for investors," said Myles Harding, President of Inline Reference Check, a leading background and due diligence company.

About the National Crowdfunding Association of Canada

The National Crowdfunding Association of Canada (NCFA Canada) is Canada's Crowdfunding Advocate.  Newly formed, dynamic and inclusive, the NCFA Canada works closely with industry groups, government, academia, other business associations and affiliates to create a strong and vibrant crowdfunding industry and voice across Canada.  Membership is comprised of a network of professional individuals, companies and non-profit associations (students are most welcome) interested in crowdfunding markets in Canada and beyond.  The National Crowdfunding Association of Canada is a networking and solutions-based organization to provide advocacy, education, support and leadership to Canadian crowdfunding communities.


用微信扫描可以分享至好友和朋友圈

扫描二维码或搜索微信号“iweiyangx”
关注未央网官方微信公众号,获取互联网金融领域前沿资讯。

发表评论

发表评论

您的评论提交后会进行审核,审核通过的留言会展示在下方留言区域,请耐心等待。

评论

您的个人信息不会被公开,请放心填写! 标记为的是必填项

取消

孙志壮

8
总文章数

TA还没写个人介绍。。。

10月众筹月报:15家平台倒闭 投资人次降7.3%

佚名 | 盈灿咨询 11-12

2017年10月中国众筹行业月报

众筹家 11-03

2017年9月中国众筹行业月报

众筹家 10-10

深化内涵、拓展外延、联通生活:众筹的新风口之变

孟永辉 10-01

深化内涵、拓展外延、联通生活:众筹的新风口之变

孟永辉 09-30

版权所有 © 清华大学五道口金融学院互联网金融实验室 | 京ICP备17044750号-1