Entire Section

  • 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]