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