(InvestmentZen/Flickr)

(InvestmentZen/Flickr)

B.C. regulator changing crowdfunding rules, enabling access in Alberta

Changes increase the limit from $1,500 to $5,000

The B.C. Securities Commission is changing its crowdfunding exemption rules to enable B.C.-based issuers to access investors in Alberta.

The regulator says the changes will also increase the amount that some will be able to invest.

The changes increase the limit to $5,000 from $1,500, if an investor has obtained advice from a registered dealer that the investment is suitable for them.

Crowdfunding allows businesses to raise small amounts of money from a large number of investors, often for a specific project.

The BCSC made the changes after consultations with technology industry stakeholders and businesses earlier this year.

The Canadian Press

Like us on Facebook and follow us on Twitter.

We are experiencing technical difficulties with our commenting platform and hope to be up and running again soon. In the meantime, you can still send us your thoughts on Facebook or Twitter, or submit a letter to the editor.