Why was Lending Loop paused?

As the first peer-to-peer lender in Canada, in February 2016, Lending Loop was presented the opportunity to work directly with Canadian securities regulatory bodies to review the regulatory structure applicable to the peer-to-peer lending model to help establish a regulatory structure under which peer-to-peer lending can be conducted in Canada. Lending Loop voluntarily paused the retail investor marketplace during this time in order to make the internal changes necessary for regulation.