MAS crowdfunding proposals draw mixed views

Singapore

NEW proposals by the Monetary Authority of Singapore (MAS) to help develop a securities crowdfunding market has earned limited praise from the industry for bringing clarity to the fog of a frontier business.

MAS on Monday sought feedback on proposals to lower the capital burden on platform operators, but continued to restrict such marketplaces to sophisticated investors and to ban deal-related marketing to the public.

In explaining the consultation, MAS argued that securities crowdfunding can offer an alternative source of private financing for start-ups and small and mediu…