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ARTICLE · 13 NOVEMBER 2017

New crowd-sourced funding (CSF) regime now in force

Madgwicks
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ASIC has released guidance to assist companies and proposed licensed CSF intermediaries in using the new CSF regime.

AustraliaCorporate/Commercial Law
Rick Goldberg
Rick Goldberg
Cherry Tan
Cherry Tan

ASIC has released guidance to assist companies and proposed licensed CSF intermediaries in using the new regime.

In brief: On 29 September 2017, the new crowd-sourced funding (CSF) regime came into force. ASIC has released guidance (RG261 and 262) to assist companies and proposed licensed CSF intermediaries in using the new regime.

ASIC Commissioner John Price said:

"Crowd-sourced funding provides an opportunity for small to medium-sized businesses to access an alternate source of capital without the regulatory burden of traditional fundraising. ASIC's new guidance will help public companies and crowd-funding platform operators comply with their obligations under the CSF regime, while supporting investor confidence."

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