Nature of Crowdfunding
Which types of crowdfunding activities are regulated?
"In Singapore, all securities-based crowdfunding (SCF) platforms – which provide an alternative mode of financing for start-ups, and small and medium scale enterprises – are licensed and regulated by the Monetary Authority of Singapore (MAS). They are granted a Capital Markets Services License (CMSL) under the Securities and Futures Act."
"The Authority mandates that all licensed crowdfunding platforms must ensure proper segregation of investors’ monies and keep proper records of transactions."