On 4 September 2021, the Financial Services (Crowdfunding) Rules 2021¹ came into operation and set out to establish a regulatory framework for this new form of financial access. The Financial Services Commission (FSC) officially launched this framework on crowdfunding on 25 November 2021, in the presence of eminent parties and key industry representatives.

With a view to making Crowdfunding a pillar of our financial landscape - one that will support varying agendas within the Fintech sphere – the FSC aims to ensure compliance, innovation and proper risk management among relevant stakeholders through this regulatory framework.

Access the full communique from the FSC here

¹Read our news release on the Financial Services (Crowdfunding) Rules 2021 here