During the pandemic, we witnessed a significant transition from traditional to alternative finance among UK consumers and SMEs. Current statistics demonstrate that there is currently a £6.26 billion market in alternative lending which represents a major opportunity for these lenders to meet the evolving needs of their customer base. The transaction value in the Crowdfunding market alone is projected to reach £48.54m in 2024.
This online course will introduce alternative lending, and the associated risks. More detailed consideration will then be given to crowdfunding which the European Commission describes as “an emerging alternative form of financing that connects those who can invest money directly with those who need financing for a specific project”.
The course is appropriate and relevant for lawyers and those involved in obtaining, arranging advising on and providing alternative financing.
What will we cover?
- An Introduction to Alternative Finance and its regulation
- Introduction to crowdfunding
- Loan-based crowdfunding (peer-to-peer (or P2P) lending)
- Investment-based crowdfunding
- Donation-based crowdfunding
- Reward-based crowdfunding
- The Regulation of crowdfunding in the UK.
- FCA regulation
- The UK Crowdfunding Association (UKCFA) code of conduct.
- Issues with crowdfunding platforms
- Payment services and the Payment Services Regulations 2017 (PSRs).
- A closer examination of P2P lending and its regulation.
- P2P platform models
- conduit platforms
- pricing platforms
- discretionary platforms
- P2P platform models
- EU Regulation of crowdfunding
- Regulation (EU) 2020/1503 and the Payment Services Directive (PSD2).
- Amendments to MiFID II
- What does the future hold?
Can’t make the date/time or need to revisit the training? No problem, booking onto this event means you will receive a link to access a recording of the event at your leisure! The link will be sent within approx 72hrs of live broadcast & be available for approx. 3 months, to view as many times as you wish.