FAQs on Lending-based Crowdfunding
How to qualify to be a CMS licensee (other than a fund manager or REIT manager).
This circular applies to licensed securities-based crowdfunding (SCF) operators. It sets out the measures SCF operators should put in place to assess issuers, manage defaults or cessations, and disclose interest and default rates.
Guidance on advertising restrictions set out in certain prospectus exemptions in Part XIII.
Guidance on what constitutes a "personal offer" under the small offer exemption in Part XIII.
Proposals to facilitate crowdfunding which involves the offer of securities to accredited and institutional investors.
- Consultation number:
- P005 - 2015
- Start date:
- 16 February 2015
- Closing date:
- 18 March 2015
- MAS response date:
- 08 June 2016