2.4.3.1. General description

Operating a Loan Crowdfunding Platform is listed in section 4 of Schedule 4 of GEN. It means:

(a)     operating an electronic platform that facilitates the bringing together of potential lenders and Borrowers; and

(b)     administering a loan agreement that results from operating the electronic platform.

For the meaning of “administering a loan agreement” and “electronic platform” see GEN. For more details see AIFC Authorised Market Institution Rules.

Currency regulation

To be completed

For more details see Chapter 4 of PERG.

2.4.3.2. Exclusions

There are none.