Small Offers Exemption

This framework is designed for smaller fundraising efforts and allows issuers to target both professional and retail investors, but with limits on the total amount raised.

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Who Can Invest?

• Both retail investors (ordinary individuals) and professional investors.

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How Much Money Can Be Raised?

• Up to £5 million in a rolling 12-month period.

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Are There Any Restrictions?

• Marketing materials must comply with FCA anti-fraud and transparency requirements to ensure investors understand the risks.

• While a full prospectus is not required, issuers may need to prepare simplified offering documents.

• Promotion should be conducted by an authorized representative.

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Compliance Notes:

• Issuers should provide clear risk disclosures and ensure that any advertising aligns with the information in their offering documents.

• This exemption offers a streamlined process for small-scale fundraising, making it accessible to startups and smaller projects.

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Why Choose This Framework?

The Small Offers Exemption is ideal for issuers looking to raise limited capital while including retail investors. It provides a simple and cost-effective way to access a broader investor base without the burden of full registration.

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