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  • CFP-1.5 CFP-1.5 Secondary Market

    • CFP-1.5.1

      Crowdfunding platform operators that operate a secondary over-the-counter market to facilitate transfers of client’s holdings of financings/shares must ensure that only crowdfunding offers hosted and successfully funded through their platforms are permitted to be hosted on the secondary market.

      Added: April 2022

    • CFP-1.5.2

      The secondary market must not consist of an internal matching system which executes client orders on a multilateral basis unless the licensee has obtained approval from the CBB.

      Added: April 2022

    • CFP-1.5.3

      Crowdfunding platform operators that operate a secondary market must ensure that financings or equity securities hosted on the secondary market include all the information that was required to be disclosed in the initial crowdfunding offer and include up to date information on the performance of the borrowers and issuers.

      Added: April 2022

    • CFP-1.5.4

      Crowdfunding platform operators must have in place mechanisms to transfer ownership of issuer shares in a timely manner through the use of third-party registrars where relevant.

      Added: April 2022