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The Assetz Capital platform is no longer open to investment from individual investors. No new investments into peer-to-peer loans are possible and, as a result, no new funds should be deposited. The existing loan book relating to the Retail platform is now in run-off and this will, over time, deliver the return of capital to investors. Full information can be found here . Existing Retail lenders can still log in, view information regarding their account and loan holdings and operate their account in accordance with the information regarding the run-off provided on the link above. Please see this important message regarding the currency of the information on the pages on this website.

Swathes of P2P lenders “could be wiped out”

The CEO of Assetz Capital has warned that regulation of the crowdfunding and peer-to-peer (P2P) lending sectors could spell disaster for a number of participants.

This follows today’s publication by the Financial Conduct Authority (FCA) of its regulatory proposals.

Stuart Law, CEO of Assetz Capital, a P2P lending platform, said: “The FCA’s planned regulation will make the industry far more credible, and could wipe out a significant number of per cent of P2P lenders in the process.

- October 24, 2013

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