Jurisdiction(s):
United Kingdom and Ireland

Related legal acts

Key definition

Platforms definition

What does Platforms mean? In legal and advisory practice, platforms are online investment administration systems used by advisers and clients to manage portfolios across multiple tax wrappers and products from a single interface. The term is descriptive (not statutory), though the FCA Glossary defines the related concept of a “platform service.” Usage is broadly consistent across England & Wales, Scotland and Northern Ireland; in Ireland, similar services are regulated by the Central Bank of Ireland. Typical legal features include: custody via a nominee company (legal title held by the nominee; beneficial ownership with the client), dealing and settlement, consolidated reporting, rebalancing, model portfolios...

UK regulation of crowdfunding platforms: FCA authorisation, investment and P2P models, financial promotions, prospectus exemptions, CIS/AIFs, CONC/SYSC/COBS/MCOB, payment services, and EU ECSP regime

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Practice notes

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Scope of this Practice Note

This Practice Note examines the UK regulatory considerations encountered by crowdfunding Platforms from a financial services standpoint. It ought to be read in conjunction with the Financial Services and Markets Act 2000 (FSMA 2000), together with relevant secondary legislation, and regulatory Rules and guidance, including, in particular, provisions within the Financial Conduct Authority (FCA) Handbook and the FCA’s webpage devoted to crowdfunding. This Note briefly outlines initiatives at EU level in relation to regulating crowdfunding, which are discussed in detail in Practice Note EU Regulation of crowdfunding—the ECSP Regulation and the MiFID II Crowdfunding Directive. Crowdfunding (sometimes referred to as 'crowd sourcing' or 'crowd financing') operates on the basis that individuals seeking capital, such as entrepreneurs, present ventures or businesses on an online platform, and members of the public contribute funds through that platform. There is no ceiling on an individual contribution; however, unlike more established fundraising methods, many platforms enable participants to put in as little as £10. Typically, the entrepreneur will be asked to set a target amount and a cut-off date, and will not receive funding unless that target is achieved.

Types of crowdfunding

There are three broad types of crowdfunding, each...

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Web page updated on 21/05/2026

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