31 January 2020
Contributed by Allen & Gledhill Partner Adrian Ang and Senior Associate Samuel Kwek, this article provides an overview of the types of crowdfunding that might be available to businesses in Singapore. It considers, in relation to each type of crowdfunding, the key regulatory issues that will need to be considered under the Securities and Futures Act and the Moneylenders Act, as well as the scope of exemptions upon which such businesses may rely. The article also provides some observations on the future trend for alternative financing in Singapore, including the effect of the proposed issuance of up to five new digital bank licences by the Monetary Authority of Singapore in 2020.
This article first appeared in the January 2020 issue of Business Law International (Vol 21, No 1), and is reproduced by kind permission of the International Bar Association, London, UK. © International Bar Association.
To read the article, please click here.