Proposal

AIFC MARKET RULES (MAR)

In this Appendix, a blue font and underlining indicates new text and strikethrough indicates deleted text, unless otherwise indicated.

1 OFFER OF SECURITIES

1.1.2 Conditions for the offer of Securities by way of placement

(2) The conditions mentioned in subsection (1)(b) above are the following:

…

(m) …; or

(n) the offer is made only through the Authorized Crowdfunding Platform to and directed at only Investors or lenders who are Clients of the Authorised Crowdfunding Platform within the limits set out in AMI.