Guidelines on the Advertising Restrictions in Sections 272A, 272B and 275 [SFA 13-G15]
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.
Provides guidance on the regulation of lending-based crowdfunding, including licensing of lending-based crowdfunding operators and applicable prospectus requirements or exemptions on offers of debentures.
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