In this article, the author makes a criticism of the Crowdfunding Law Regulation Project. The author starts from the premise that, although it is not strictly necessary to approve special regulations for this activity to be carried out successfully, adequate regulation can contribute to its development by strengthening the trust of the investing public in the Recipients and Management Companies participating in the market. However, he arrives at the conclusion that the Draft Regulation suffers from what it labels as a “common mistake”, that is, it is an excessive regulation that seeks to protect the investor to the detriment of the development and growth of the regulated activity. The author ends by calling for the approval of flexible regulations and greater trust in the functioning of the market.

El objetivo de esta tesis es analizar los principales temas que una regulación especial sobre Equity Crowdfunding debería abordar y realizar propuestas concretas sobre cómo regular cada aspecto. La piedra angular de las propuestas es mantener la viabilidad de la industria. Y para ello es necesario que el marco regulatorio encuentre un equilibrio entre los intereses de empresarios y plataformas, y la seguridad de los inversionistas. Un desequilibrio, ya sea debido a una regulación demasiado laxa y permisiva, o muy estricta y proteccionista, puede resultar fatal para el surgimiento del Equity Crowdfunding en el Perú.

In this article, the author makes a criticism of the Crowdfunding Law Regulation Project. The author starts from the premise that, although it is not strictly necessary to approve special regulations for this activity to be carried out successfully, adequate regulation can contribute to its development by strengthening the trust of the investing public in the Recipients and Management Companies participating in the market. However, he arrives at the conclusion that the Draft Regulation suffers from what it labels as a “common mistake”, that is, it is an excessive regulation that seeks to protect the investor to the detriment of the development and growth of the regulated activity. The author ends by calling for the approval of flexible regulations and greater trust in the functioning of the market.