New crowd funding legislation will provide greater choice to SMEs, lenders and investors:
That's the Treasury Minister, who moved four changes to the law following two public consultations in Tynwald last week.
It's a popular method of raising money from a large number of people to finance new projects and businesses.
The public helped inform the move - which exempts people undertaking the practice from the Moneylenders At 1991.
Eddie Teare explains how it's come about:
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