Malaysian securities regulator publishes crowdfunding consultation results – legislation due next year
26 Sep 2014: The Malaysian Securities Commission released its public response on the proposed equity crowdfunding framework yesterday, after receiving input from a broad range of stakeholders. The parties consulted including potential crowdfunding operators, entrepreneurs, venture capital firms, financial institutions and the general public. The amended proposal will permit Malaysian companies to sell ordinary or preference shares & raise up to RM3 million in a 12 month period. With Malaysia intending to finalise the rules by March 2015 it will be a leader in equity crowdfunding in Asia.