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CFP-1.1.1

Crowdfunding platform operators must prominently display on their website the following:

(a) A general risk warning;
(b) Details of how and by whom the operator is remunerated for the service it provides, including fees and charges it imposes on lenders/investors and borrowers/issuers;
(c) For financing-based crowdfunding: the actual default rates as a percentage of loans entered into on the platform and the number and aggregate value of loans in default; and
(d) For equity-based crowdfunding: the actual failure rate of issuers who use the platform.
(e) The offering statement for each crowdfunding offer which must disclose any conflicts of interest (as required by Chapter 2); and
(f) Information on rights of clients relating to participation in crowdfunding offer, including right to withdraw commitments, lodging complaints and any voting rights.
Added: April 2022