• Save
Equity Crowdfunding in Saskatchewan
Upcoming SlideShare
Loading in...5
×
 

Equity Crowdfunding in Saskatchewan

on

  • 754 views

Quick presentation of the Government of Saskatchewan's proposed equity crowdfunding exemption

Quick presentation of the Government of Saskatchewan's proposed equity crowdfunding exemption

Statistics

Views

Total Views
754
Views on SlideShare
749
Embed Views
5

Actions

Likes
0
Downloads
0
Comments
0

1 Embed 5

https://twitter.com 5

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Equity Crowdfunding in Saskatchewan Equity Crowdfunding in Saskatchewan Presentation Transcript

  • Equity Crowdfunding in Saskatchewan
  • Chair & CEO of Financial & Consumer Affairs (FCAA) Saskatchewan Dave Wild visited VendAsta in August
  • Now they’re looking for feedback ● They’ve created a policy framework ● Asking for feedback ● Next step is put into law
  • What does this mean? ● Last chance to give the government input ● We want them to make the right choices ● Affects entrepreneurs and developers who want to raise money $ ● Example: raise a bit of money to build a mobile app* * Can still raise money, but cannot give out equity in return
  • Policy at a glance ● Businesses will be able to make two, six-month offerings of $150,000 each during a year. ● The business cannot be a reporting issuer or an investment fund and cannot offer derivative type securities. ● Businesses must give FCAA notice of their intention to issue an offering 10 business days before posting online. ● The business cannot charge investors a commission or other amounts. ● Both the business and the investor must be located in Saskatchewan ● The business must report their sales to FCAA within 30 days of the offering’s close. ● No person may invest more than $1,500 in an offering. ● There are no fees payable to the FCAA for the offering.
  • and give you input to the gov’t! Please share this!
  • Deadline & More Info ● Feedback Deadline: Nov. 6, 2013 ● More info: http://www.fcaa.gov.sk.ca/SKEC_Consultation ● Presentation at VendAsta’s Ideas on Tap: ○ Part 1: http://www.youtube.com/watch?v=EXzyqIxeoyU ○ Part 2: http://www.youtube.com/watch?v=zo2wtZoDeo8