The Nova Scotia Securities Commission (NSSC) will be hosting a free public information session at the Nova Scotia Community College in Truro, N.S. on Oct. 15 about the new exemptions for equity crowdfunding in partnership with New Brunswick’s Financial and Consumer Services Commission (FCNB) and Prince Edward Island’s Securities Commission.
The session will examine the new rules that will allow individuals and companies to crowdfund business projects online. The NSSC and FCNB have both adopted a startup exemption that aims to help small businesses raise capital, subject to certain investor protections, by allowing early-stage businesses to raise up to $500,000 a year from investors through Internet funding portals. Regulators in P.E.I are considering a crowdfunding exemption as well.