www.twintangibles.co.ukEquity Crowdfunding:The Italian RegulationD.L. 179/2012“Growth Decree”Daniela CastrataroThe Future ...
www.twintangibles.co.ukItalian Crowdfunding Platforms Overview. Castrataro, Pais, April 201321 activeplatformsCrowdfunding...
www.twintangibles.co.ukCrowdfunding in ItalyApril ‘12October ‘12Work on the Regulation
www.twintangibles.co.ukThe Path to the RegulationApril ‘12 Oct ‘12 Dec ‘12 Mar/Apr ‘13
www.twintangibles.co.ukPurpose of CONSOB regulation•  Enable the development of an initial phaseof ‘testing’ of capital ra...
www.twintangibles.co.ukSeeking the balance•  Marketdevelopment•  Lowering ofbarriersProtection ofunaccreditedinvestors
www.twintangibles.co.ukMain Provisions:The Register for platforms operatorsand the role of traditional players
www.twintangibles.co.ukWho can crowdfund?•  Only innovative startups (currently justover 450) can raise money through acro...
www.twintangibles.co.ukWho Can Invest and How Much?EUR 5 million5% “Professional Investors”
www.twintangibles.co.ukProtection forunaccredited investors•  Mandatory Information about offerings•  Education of the inv...
www.twintangibles.co.ukMore Informationtwintangibles bloghttp://bit.ly/14QF5DSAnalysis of Italian Crowdfunding Platformsht...
www.twintangibles.co.ukGrazie!Daniela Castratarodaniela@twintangibles.co.uk@twintangibles@italiancrowdfunding@danielaCast
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Equity Crowdfunding: The Italian Regulation

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Slides for the event "The Future of Crowdfunding", held in Berlin on the 17th of April 2013

Published in: Economy & Finance, Business
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Equity Crowdfunding: The Italian Regulation

  1. 1. www.twintangibles.co.ukEquity Crowdfunding:The Italian RegulationD.L. 179/2012“Growth Decree”Daniela CastrataroThe Future of Crowdfunding, Berlin, 17/04/13
  2. 2. www.twintangibles.co.ukItalian Crowdfunding Platforms Overview. Castrataro, Pais, April 201321 activeplatformsCrowdfunding in Italy
  3. 3. www.twintangibles.co.ukCrowdfunding in ItalyApril ‘12October ‘12Work on the Regulation
  4. 4. www.twintangibles.co.ukThe Path to the RegulationApril ‘12 Oct ‘12 Dec ‘12 Mar/Apr ‘13
  5. 5. www.twintangibles.co.ukPurpose of CONSOB regulation•  Enable the development of an initial phaseof ‘testing’ of capital raising through onlineportals, with the main purpose ofpromoting the development and growth ofthe country.
  6. 6. www.twintangibles.co.ukSeeking the balance•  Marketdevelopment•  Lowering ofbarriersProtection ofunaccreditedinvestors
  7. 7. www.twintangibles.co.ukMain Provisions:The Register for platforms operatorsand the role of traditional players
  8. 8. www.twintangibles.co.ukWho can crowdfund?•  Only innovative startups (currently justover 450) can raise money through acrowdfunding portal in ItalyNoDistributionof ProfitsImages from http://startup.registroimprese.it/
  9. 9. www.twintangibles.co.ukWho Can Invest and How Much?EUR 5 million5% “Professional Investors”
  10. 10. www.twintangibles.co.ukProtection forunaccredited investors•  Mandatory Information about offerings•  Education of the investor•  Tag-Along Right
  11. 11. www.twintangibles.co.ukMore Informationtwintangibles bloghttp://bit.ly/14QF5DSAnalysis of Italian Crowdfunding Platformshttp://slidesha.re/17WibHUCONSOB Consultation Documenthttp://bit.ly/11VAbo4
  12. 12. www.twintangibles.co.ukGrazie!Daniela Castratarodaniela@twintangibles.co.uk@twintangibles@italiancrowdfunding@danielaCast
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