Entire Section

  • Crowdfunding

    • CIR 2.1.18

      An arrangement does not constitute a Collective Investment Fund if all of the following conditions are met:

      (a) the arrangement is entered into using a Property Investment Crowdfunding Platform, operated by a Crowdfunding Operator;
      (b) the arrangement involves multiple investors investing in an individual apartment, house or building that has a single discrete title deed;
      (c) all of the investors are Clients of the Crowdfunding Operator; and
      (d) the total consideration paid by all investors in the apartment, house or building is not more than $5 million or an equivalent amount in another currency.
      Derived from RM255/2019 (Made 26th July 2019). [VER25/07-19]

      • CIR 2.1.18 Guidance

        An Investment made through an Investment Crowdfunding Platform (i.e. a platform that facilitates an investment in a business or a project rather than a property) is likely to fall within the exclusion in CIR Rule 2.1.10.

        Derived from RM255/2019 (Made 26th July 2019). [VER25/07-19]

    • CIR 2.1.19

      An arrangement does not constitute a Collective Investment Fund if all of the following conditions are met:

      (a) the arrangement is entered into using a Loan Crowdfunding Platform, operated by a Crowdfunding Operator;
      (b) the arrangement involves multiple lenders providing a loan to a borrower for a business or project;
      (c) all of the lenders are Clients of the Crowdfunding Operator;
      (d) the amount of the loan, the rate of return and the repayment period are fixed when the loan agreement is entered into; and
      (e) the total funding provided by all lenders to the borrower is not more than $5 million or an equivalent amount in another currency.
      Derived from RM255/2019 (Made 26th July 2019). [VER25/07-19]