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CMS Italy Newsletter | 2 Aug 2013

Consob regulation on equity crowdfunding published: new opportunities for Italian start-ups

02/08/2013

CONSOB issued the regulation on equity crowdfunding with resolution no. 18592 dated 26 June 2013, published on the Italian Official Gazette of 12 July 2013 (hereinafter, the "Regulation").

The Regulation implements articles 50-quinquies (Management of portals collecting capitals for innovative startups) and article 100-ter (Offers through portals for collecting capitals) of the Italian Legislative Decree no. 58 dated 24 February 1998 (the “Italian Consolidated Financial Act”), recently amended by Law Decree no. 179 dated 18 October 2013 (the so called Development Decree 2.0) and converted with amendments into Law no. 221 dated 17 December 2012.

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Consob regulation on equity crowdfunding published: new opportunities for Italian start-ups
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Authors

Portrait ofPaolo Bonolis
Paolo Bonolis
Partner
Rome
Portrait ofItalo de Feo
Italo de Feo
Partner
Rome