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Expert Analysis

The 1st European Country To Regulate Crowdfunding

Law360, New York ( August 26, 2013, 1:25 PM EDT) -- After an extensive public consultation ended on April 30, 2013, the Italian financial markets regulator — Commissione Nazionale per le Società e per la Borsa ("Consob") — issued on June 26, 2013, a regulation on the raising of venture capital by innovative startups through online portals, which implements Sections 50-quinquies ("management of portals for raising capital for innovative startups") and 100-ter ("offers through portals for raising capital") of Legislative Decree of Feb. 24, 1998, no. 58 (the "Consolidated Act on Finance"), as introduced by Law Decree of Oct. 18, 2012, no. 179, converted into Law of Dec. 17, 2012, no. 221....

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