On June 20th Crowdfund Insider, a leading Fintech news website, published an article regarding the challenges facing EU Countries during the transition from national to European crowdfunding regulations.
The article specifically highlights Italy’s inability to appoint the national authority that will be in charge of enforcing the new rules, which represents a crucial step of the transition. It also quotes the words of our managing partner Alessandro M. Lerro, who recently emphasized the importance of quickly catching up with other countries in order to avoid a forceful interruption of crowdfunding businesses in less than five months.
Such delay is even more worrying considering that CONSOB (the securities national agency, that has managed domestic equity crowdfunding investments so far) has been silent on the matter in their annual speech delivered yesterday by the President, Paolo Savona.
You can read the entire article at the following link: