COB 11 Crowdfunding
- COB 11.1 Overview
- COB 11.2 Application and interpretation
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COB 11.3 Requirements for Crowdfunding Platforms
- Crowdfunding risk disclosure
- Information about default or failure rates
- Information about the service
- Operator not to provide both regulated and unregulated crowdfunding services
- Crowdfunding Due diligence
- Disclosure of information about the borrower, Issuer or seller
- Proposals not to be advertised outside platform
- Material changes affecting a borrower, Issuer or property
- Borrower, or Issuer or seller not to use other platforms
- Equal treatment of lenders and investors
- No suitability disclosure
- Operator not to permit staff to use the platform
- Forums
- Facility for transfer of loans or Investments
- Information technology
- Business cessation plan
- Credit cards not to be used
- COB 11.4 Loan Crowdfunding — extra requirements
- COB 11.5 Investment Crowdfunding — extra requirements
- COB 11.6 Property Investment Crowdfunding – extra requirements