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Aug 1 2017 - Jun 30 2019
Jul 1 2019 onwards

COB A2.1.6
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The following terms must be included in a Client AgreementG between a Crowdfunding OperatorG and a ClientG that is a borrower, IssuerG or seller:
(a) a restriction on the borrower, IssuerG , or seller using any other crowdfunding service to raise funds during the commitment period;
(b) a restriction on the borrower, IssuerG , or seller any PersonG that is ConnectedG to the borrower, IssuerG , or seller lending or financing, or arranging lending or finance for a lender or an investor using the service;
(c) a restriction on the borrower, IssuerG , or seller advertising its proposal, or soliciting potential lenders or investors, outside the platform during the commitment period;
(d) a requirement on the borrower or IssuerG to give reasonable advance notice to the operator of any material change affecting the borrower or IssuerG , its business or the carrying out of its proposal;
(e) the obligations of the borrower or IssuerG if there is any material change after funds have been provided; and
(f) an obligation on the borrower or IssuerG to produce financial statements at least annually.
[Added] DFSA RMI202/2017 (Made 14th June 2017). [VER29/08-17]
[Amended] DFSA RMI254/2019 (Made 26th June 2019). [VER33/07-19]
[Amended] DFSA RMI254/2019 (Made 26th June 2019). [VER33/07-19]