That's interesting, that there is a 25k figure mentioned. I wonder when this came in? as some of my other P2P investments have been in excess of 25k, ISA's & non-ISA's and I have never been asked for more verification. Glossary as updated 6th Feb 2020 so maybe this is very recent. Whatever is happening here, whilst I agree with all manner of security and verification, I see this as a blow for smaller investors and platforms. For me, with quite limited spare money to invest, it really isn't worth my time; it is far easier just to transfer the small balance to RS.
No.its been in the legislation from the start FSMA 2013 (regulated activities) chapter 6B, article 36h which defines P2P and is basically what the glossary is quoting in slightly less legalise form.
Minor shareholder in AC, Brickowner, FO, CP, WA, Propifi, Orca, Ccube, AE, ABL. AC beta tester.
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