Versions

 

CFP-1.1.6

Crowdfunding platform operators must provide users the following information upon on-boarding:

(a) The process for the offering of loans or equity through the platform and the risks associated with lending or investing in crowdfunding offers;
(b) The limits on raising funds applicable on borrowers/issuers;
(c) The right of retail clients to withdraw their commitments within 5 working days from the time the commitment is made;
(d) The existence or non-existence of a secondary market;
(e) The due-diligence process of the platform for hosting a borrower/issuer; and
(f) Whether there will be an ongoing relationship between the platform and the borrower/issuer following the closing of an offer.
Added: April 2022