TORONTO, Oct. 30, 2013 /CNW/ - Brian Koscak is one of the expert
contributors to the "Review of Crowdfunding Regulation 2013" published
by the European Crowdfunding Network (ECN) on October 30, 2013. Brian
authored the "Canada" chapter of this report which aims to provide
interpretations of existing regulations concerning Crowdfunding in
Europe, North America, and Israel.
This report was commissioned in response to the rise of Crowdfunding
over the past decade: "The rise of crowdfunding ... is a result of the on-going digitalisation
of processes and communication in our society, with easy access to
high-speed internet and digital devices. But crowdfunding has recently
been moved to the forefront in the discussion on access to finance.
This is a result of the economic crisis and the associated market
failures of the incumbent financial services industry, which provides
financing to small- and medium-sized enterprises (SMEs)."
The ECN hopes that the report will be a key tool for regulators across
Europe and North America, for entrepreneurs, investors and any other
interested stakeholders that would like to take part in shaping the
future of Crowdfunding. Currently, both Ontario and Saskatchewan have
published specific proposals for an equity Crowdfunding framework while
other members of the Canadian Securities Administrators are also
looking at how securities can be sold over the internet under existing
To read the full report, please visit: http://www.europecrowdfunding.org/2013/10/review-crowdfunding-regulation-2013/
About Brian Koscak
Brian Koscak is a partner practising in the areas of corporate and securities law.
Brian is the Chairman of the Exempt Market Dealers Association of
Canada, a national non-for-profit organization representing exempt
market dealers, issuers and compliance professionals across Canada.
Brian is also a member of the Ontario Securities Commission's Exempt
Market Advisory Committee which is considering new ways to raise
capital in Ontario, including through equity Crowdfunding. Brian is one
of Canada's leading authorities on equity Crowdfunding. He has spoken
at numerous conferences, events and webinars about developing a viable
equity Crowdfunding framework for Canada. He has had various articles
published about equity Crowdfunding and been mentioned in the media.
Brian regularly consults with securities regulatory authorities in
Canada about equity Crowdfunding as well as advises a number of clients
seeking to engage in equity Crowdfunding, including exempt market
dealers, funding portals and Crowdfunding industry associations.
About Cassels Brock
Cassels Brock & Blackwell LLP is a leading Canadian law firm focused on serving the transaction,
advocacy and advisory needs of Canada's most dynamic business sectors.
About the European Crowdfunding Network (ECN)
The European Crowdfunding Network is a professional network promoting adequate transparency, (self)
regulation and governance while offering a combined voice in policy
discussion and public opinion building. Founded in 2011 as an interest
group, it formally incorporated as an international not-for-profit
organisation in Brussels, Belgium in 2013.
SOURCE: Cassels Brock & Blackwell LLP
For further information:
Brian Koscak, Partner, Cassels Brock & Blackwell LLP, firstname.lastname@example.org or 416.860.2955 or Joy O'Hara, Communications Specialist, Cassels Brock & Blackwell LLP, email@example.com or 416.642.7454.