2.4.4.1. General description

Operating an Investment Crowdfunding Platform is listed in section 5 of Schedule 4 of GEN. It means:

(a)     operating an electronic platform that facilitates the bringing together of potential Investors and Issuers who wish to obtain funding for a business or project, resulting in an Investor obtaining an Investment from the Issuer seeking funding; and

(b)     administering an Investment that results from operating the electronic platform.

Operating an Investment Crowdfunding Platform also includes making arrangements for an Investor to sell its Investment.

For the meaning of “administering an Investment” and “electronic platform” see GEN.

It is also possible to operate several types of crowdfunding platforms. For this see guidance in section 5 of Schedule 4 of GEN.

For more details see AIFC Authorised Market Institution Rules.

Currency regulation

To be completed

For more details see Chapter 4 of PERG.

2.4.4.2. Exclusions

There are none.