Tag: Crowdfunding

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MAS Circular Controls And Disclosures To Be Implemented By Licensed Securities-Based Crowdfunding Operators

The Monetary Authority of Singapore (MAS) recently issued a circular No. CMI 27/2018 on “Controls And Disclosures To Be Implemented By Licensed Securities-Based Crowdfunding Operators”.

This Circular sets out requirements on licensed Securities-Based Crowdfunding (SCF) operators in 5 areas:

  1. Due diligence checks on issuers.
  2. Management of issuer defaults.
  3. Management of SCF platform cessation.
  4. Disclosure of interest and default rates.
  5. Governance and management of auto-allocation tools.

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