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 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.
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.
Malaysia’s over-the-counter exchange extends its RFP to accommodate interest.