Submitted on Monday 17th June 2019
Rejected on Monday 15th July 2019
Current status: Rejected
Rejection code: no-action (see below for details)
Place a ban on crowd-funding for anything other than purely charitable causes
Probably the oldest example of crowd-funding is the church collection. This together with attempting to raise funds for a patently obvious charitable cause is similarly acceptable. Raising funds for a political cause or one by a pressure group to fund their activities is not.
This petition is raised in order for such funding to be returned to its original intention.
You can't sign this petition because it was rejected. But you can still comment on it here at Repetition.me!
The Government e-Petitions Team gave the following reason:
Petitions need to call on the UK Government or Parliament to take a specific action.
We understand that you're concerned about crowd-funding, but we're not sure exactly what you'd like the Government or Parliament to do. In particular, we're not sure which types of crowdfunding you're concerned about or which groups or causes you want to ban from crowd-funding.
Some types of crowdfunding, such as loan-based and investment-based crowdfunding, are regulated by the Financial Conduct Authority, which is independent of the Government and Parliament. You can find out more about how the FCA regulates crowdfunding here:
www.fca.org.uk/consumers/crowdfunding
Political finance is regulated by The Electoral Commission, which is also independent of the Government and Parliament. You can find out how to contact them here:
www.electoralcommission.org.uk/contact-us
You could start a new petition explaining clearly what you would like the Government or Parliament to do. We can only accept petitions which call for a clear action that is the responsibility of the UK Government or Parliament.
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