National

B.C. Securities Regulator Changing Crowdfunding Rules To Help Companies

The Canadian Press, 21 Sep, 2017 01:31 PM

VANCOUVER — The B.C. Securities Commission is changing its crowdfunding exemption rules to enable B.C.-based issuers to access investors in Alberta.

The regulator says the changes will also increase the amount that some will be able to invest.

The changes increase the limit to $5,000 from $1,500, if an investor has obtained advice from a registered dealer that the investment is suitable for them.

Crowdfunding allows businesses to raise small amounts of money from a large number of investors, often for a specific project.

The BCSC made the changes after consultations with technology industry stakeholders and businesses earlier this year.

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