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Financial Crowdfunding Regulation in EU Countries

In: Crowdfunding for SMEs

Author

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  • Paolo Butturini

    (University of Verona)

Abstract

Financial crowdfunding, as an alternative source of financing, has become an important phenomenon in EU Countries in the past few years. Nevertheless, the judicial framework for this instrument is not so clear, because few EU countries provide specific rules about it. This chapter will analyse: crowdfunding-specific legislations (showing the different approaches followed by some of the main European countries); the impact on financial crowdfunding of national financial regulations (when specific rules do not exist); and some proposals for rules that could constitute an adequate common framework. Such proposals will look for the most effective balance between the two pillars of crowdfunding, the need to facilitate financing for start-up businesses and the need to protect investors.

Suggested Citation

  • Paolo Butturini, 2016. "Financial Crowdfunding Regulation in EU Countries," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Roberto Bottiglia & Flavio Pichler (ed.), Crowdfunding for SMEs, chapter 8, pages 185-210, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-1-137-56021-6_8
    DOI: 10.1057/978-1-137-56021-6_8
    as

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