Funds raised must be released to the issuer within one business day of registering the shares in the share register. In case of financing-based crowdfunding, the money must be released to the borrower within one business day of the completion of fund raising. In all cases, client money may only be released if the criteria for raising the funds has been met i.e. the minimum amount required in the offering statements has been met and there has not been any material adverse change to the crowdfunding offer.