Regulatory Alerts2020-10-01
Added · Updated
Communiqué on Equity-Based Crowdfunding
The Capital Markets Board issued this Communiqué to establish the regulatory framework for equity-based crowdfunding, defining the roles of platforms, investors, and venture capital firms. It mandates that platforms must be listed by the Board and meet strict capital, governance, and operational requirements, including the establishment of an investment committee to assess campaign feasibility. The regulation further outlines procedures for fund custody, disclosure obligations, and the conditions for delisting platforms that fail to comply with these standards.
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