MAE-2.12.16

Past version: Effective from 01 Oct 2017 to 31 Mar 2022
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Equity crowdfunding issuers, other than entities engaged in real estate projects, must provide the following information in the report required under Paragraph MAE-2.12.15:

(i) Update of development at company:
(a) Report on any strategic or organizational changes since last report.
(b) Business review and future plans.
(ii) Disclosure of financial result: Reviewed quarterly or audited annual financial statements.
(iii) Information about the board members and members of senior management.
(iv) Litigation or disputes: Disclosure of any claims brought against the equity crowdfunding issuer or any complaint brought by investors or any investigation by regulatory bodies against the concerned equity crowdfunding issuer, their directors and management.
(v) Board Resolution: Briefing on resolutions passed by the board.
(vi) Pledging or sale of assets of, or acquisition of additional debt by the equity crowdfunding issuer:
(a) Details of any charges or pledges created over the assets of the equity crowdfunding issuer, or sales of assets and whether such sales or pledges are consistent with the disclosure made in the original disclosure statement.
(b) Details of any additional debt facilities undertaken by the equity crowdfunding issuer and the amount drawn down.
Added: October 2017