Clear, concise and effective offer information helps investors make more informed investment decisions.
The Financial Markets Conduct Act 2013 (FMC Act) introduces new requirements for financial product offer information. This section outlines the new requirements, and provides information about when they don’t apply.
Under exemptions in financial markets law, crowdfunding issuers don't need to prepare a product disclosure statement if you are using a licensed crowdfunding service provider. Instead, you will provide more limited information about your business when you make offers.
Under exemptions in financial markets law, peer-to-peer lending borrowers don't need to prepare certain documents if you are using a licensed peer-to-peer lending provider. Instead you will need to provide information about your loan request to your provider so they can present your request for investors to read.
New Zealand, Australia, Japan, Korea and Thailand have agreed to establish and implement what is known as the Asia Region Funds Passport. Once implemented, the passport will allow a managed fund based in one jurisdiction to be offered more easily to investors in other participating jurisdictions.
Let us know what you think
Did you find this page useful?