The Securities Commission Malaysia (SC) said that operators interested in establishing and operating an equity crowdfunding (ECF) or Shariah-compliant ECF platform can now submit their application.
Equity crowdfunding platform FundedHere has been launched in Singapore to facilitate equity-based funding and venture debt for startups in the region from as low as S$5,000 (US$3,700) each, even as regulators in both Singapore and Malaysia look to facilitate such platforms.
Securities Commission Malaysia (SC) has released the Guidelines on Regulation of Markets under Section 34 of the Capital Markets and Services Act 2007 to introduce new requirements for the registration of equity crowdfunding (ECF) platforms, and to provide governance arrangements for the operator of such platforms.
The Singapore Exchange (SGX) said it has signed an MoU with Clearbridge Accelerator to form a JV company to develop a fundraising platform which aims to address financing gaps faced by SMEs and entrepreneurs.
The Technopreneurs Association of Malaysia (TeAM) has proposed corporate and double tax deduction incentives, as well as other measures, that it believes would help fuel the startup and entrepreneurial ecosystem in the country.
The proposed regulatory framework for an equity crowdfunding platform has been revised based on public feedback, Securities Commission Malaysia (SC) said in a statement.
Usually excitable DNA founder Karamjit Singh thinks playing it cool with the expectations over equity crowdfunding should be the way to go.
Jason Best of Crowdfund Capital Advisors advises entrepreneurs on what comes next after having raised funding through equity crowdfunding or rewards-based crowdfunding. Karamjit Singh was there to soak it in at the recent SCxSC event.
The equity crowdfunding platform that the Securities Commission Malaysia (SC) is proposing will depend heavily on investor confidence, its chairman Ranjit Ajit Singh acknowledged.
Industry players DNA spoke to share some of the pros and cons of the consultative paper Securities Commission Malaysia has put up for industry feedback on the impending launch of Malaysia’s equity crowdfunding platform.