B.C. Securities Commission Overhauls Crowdfunding Rules

Darpan News Desk, 21 Sep, 2017 01:46 PM

The B.C. Securities Commission is making changes to expand the pool of potential investors for B.C.-based issuers launching crowdfunding campaigns.

The commission says it's harmonizing the crowdfunding regime with Alberta to allow B.C. startups and early stage issuers access to investors in that province.

It's also increasing the limit for investors in crowdfunding campaigns to $5,000 from $1,500 for those who have obtained advice from a registered dealer.

The commission says the changes follow consultations with technology industry stakeholders and businesses earlier this year.

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