The online lending market, or peer-to-peer market, in China has been growing incredibly fast over the last decade, with hundreds of platforms entering the sector and many others closing operations due to fraudulent activities or bankruptcy. The local P2P market has reached a new milestone at the end of 2015, with one of the most established platforms going public on New York Stock Exchange, while at the same time another large portal being seized by Chinese police.
In 2014, India’s financial markets authority (SEBI) published a draft of regulations to allow online investing in the country and put them up for public comments. No action has been taken since then. However, according to official sources, the game may soon change.
The JOBS Act, signed on 5 April 2012, was intended to ease the regulatory burden on smaller companies and expand and simplify the means by which such companies could raise capital. On October 30, 2015, the SEC adopted the final rules and forms implementing the new Section 4(a)(6) of the Securities Act of 1933, as amended (the "Securities Act"), allowing issuers to sell securities to the public under certain circumstances without registering such securities with the SEC. The rules will be effective in late April 2016.
PRESS RELEASE - San Francisco and London – December 2, 2015 – Crowd Valley Inc, creator of the worlds first digital back office to power online investing and lending marketplaces and thecitysecret, expert developers with considerable experience providing innovative solutions to top tier financial institutions, have started working together in the Certified Partner Program to bring institutional offline lending and investing processes modern, digitally native applications. |
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