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  • Crowdfunding Platform Operator

    • AU-1.2.14

      Crowdfunding platform operator refers to a person licensed by the CBB to operate an online portal or other electronic media through which people lend money to businesses (Person to Business-P2B), and businesses lend money to other businesses (Business to Business – B2B) for the purpose of gaining a financial return in the form of interest/profit payment and a repayment of credit over a pre-specified period of time (financing-based crowdfunding), and/or raising of capital by issuance of ordinary shares, or other equity instruments like preferred shares (equity-based crowdfunding).

      Amended: April 2022
      Amended: January 2019
      Added: October 2017

    • AU-1.2.15

      The role of crowdfunding platform operator is restricted to arranging deals, bringing together borrowers and lenders, in case of financing-based crowdfunding, and investors and issuers, in case of equity-based crowdfunding. Crowdfunding platform operators are strictly prohibited to provide any advice on deals.

      Added: October 2017

    • AU-1.2.16

      Crowdfunding Platform Operator must not undertake Business to Person (B2P) or Person to Person (P2P) lending/investing.

      Amended: January 2019
      Added: October 2017

    • AU-1.2.17

      Crowdfunding platform operators may raise funds for borrowers/issuers based in the Kingdom of Bahrain or abroad.

      Added: October 2017

    • AU-1.2.18

      [This Paragraph was deleted in April 2022].

      Deleted: April 2022
      Added: October 2017

    • AU-1.2.19

      [This Paragraph was deleted in April 2022].

      Deleted: April 2022
      Added: October 2017

    • AU-1.2.20

      [This Paragraph was deleted in April 2022].

      Deleted: April 2022
      Added: October 2017