2.4.5.1. General description

Operating a Private Financing Platform is listed in section 6 of Schedule 4 to GEN. It means operating an electronic platform which brings together multiple third parties directly or indirectly buying an instrument acknowledging or creating indebtedness arising from the supply of goods or the delivery of services, and includes:

(a)     entering into an arrangement with a party for the purpose facilitating the activity above whether through an intermediary investment vehicle or otherwise;

(b)     facilitating an arrangement described in (a); or

(c)     holding or controlling Client Money or Arranging Custody in connection with an arrangement described above.

For more details see AIFC Authorised Market Institution Rules.

Currency regulation

To be completed

For more details see Chapter 4 of PERG.

2.4.5.2. Exclusions

There are none.