New crowd funding laws to give 'greater choice'

Sat, 23 Apr 2016

New crowd funding legislation will provide greater choice to SMEs, lenders and investors:

It's a popular method of raising money from a large number of people to finance new projects and businesses.

The public helped inform the move - which exempts people undertaking the practice from the Moneylenders At 1991.

Treasury Minister Eddie Teare moved four changes to the law following two public consultations in Tynwald last week: