CFA Singapore welcomes the opportunity to participate in this MAS consultation paper. We welcome the proactive efforts undertaken by MAS in addressing this subject matter and in seeking public consultation prior to implementing the proposed regulation.

In formulating our views and response, CFA Singapore also enlisted the views of CFA Institute to draw on the various experiences in the implementation of the regulation and/or guidelines on crowd funding in Europe and Americas. Please find our consolidated comments to the consultation paper in the attached document