Malaysia passes Crowdfunding legislation
2 July 2015: The Parliament of Malaysia passed the Capital Markets and Services Bill 2015 today, which includes the enabling laws for equity crowdfunding. “We encourage the use of Equity Crowdfunding and hope that more people will use it” stated Deputy Finance Minister Datuk Ahmad Masian shortly after the Bills’ Passage. The Bill authorises a maximum raise of RM 3 million in a year for SMEs and RM 5 million for larger companies. Six companies are already pre-approved to carry out crowdfunding in Malaysia, which is the first country in ASEAN to authorise this new form of capital raising.