Law360, London (June 4, 2019, 12:52 PM BST) -- The financial watchdog set out new rules on Tuesday that will limit the amount that retail investors can allocate to peer-to-peer lending as it cracks down on the loan-based crowdfunding sector.
New retail investors will not be allowed to put more than 10% of their assets in peer-to-peer loans without regulated advice, the watchdog has said as it seeks to stop them “over-exposing themselves to risk.” (AP) New retail customers will not be able to invest more than 10% of their assets in peer-to-peer loans from December, unless they have sought regulated financial advice, the Financial Conduct Authority confirmed. The rules are designed...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!