(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.

Just Posted

Watch: Gravel truck turns into wrong off-ramp at Highway 2 Ponoka

The new Highway 2 and Highway 53 intersection at Ponoka caused some confusion for one driver

Pigeon Lake man’s remains found in ditch by Morinville

27-year-old Kevin Dean Damien Yellowbird had ties to Ma-Me-O Beach

County approves development plans with Ponoka, Camrose counties

First Nations collaboration remains county goal

Wetaskiwin county defers land use bylaw decision

Tempers remain high over RV controversy

VIDEO: Tragically Hip singer-songwriter Gord Downie dies at 53

Downie had been fighting brain cancer for over a year

All three victims identified in Fernie arena ammonia leak

Wayne Hornquist and Lloyd Smith were from Fernie and Jason Podloski from Turner Valley, Alta

4 B.C. prisons install body scanners to combat drug smuggling

The scanners are aimed to combat the smuggling of contraband including weapons and drugs

Outspoken Mountie assigned to admin duties for refusing to shave goatee

The 15-year veteran of the force said he believes the RCMP is targeting him

Victim in fatal ammonia leak remembered for his passion and smile

Friends and colleagues remember Lloyd Smith as someone who was always willing to help people

Gymnast McKayla Maroney alleges sexual abuse by team doctor

Olympic gymnast said she was 13 when the abuse started

Duke and Duchess of Cambridge expecting child in April

Kate Middleton had announced she was expecting a child back in September

Prisoners in Canada among alleged leaders in massive opioid ring: US authorities

It’s being called the most prolific fentanyl-trafficking and money-laundering operations

Dodgeball is a wild sport – and Canada is very good

World championships set to begin on Friday outside of Toronto

Most Read