ISE wants crowdfunding regulated

The Government has been urged to introduce regulation for crowdfunding to provide protection for potential investors and help facilitate the development of a new financing model for businesses.

The Irish Stock Exchange (ISE) has called for a regulatory framework to be developed for what is becoming an important source of alternative funding for certain types of smaller companies.

The ISE’s head of regulation, Daryl Byrne said: “As a number of European countries have introduced and others are considering introducing domestic regulatory regimes for crowdfunding, we consider that it is important for Ireland to meet best international practice and have a regulatory regime in place for crowdfunding.”