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Dubai Financial Services Authority (DFSA): Contents

Dubai Financial Services Authority (DFSA)
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Conduct of Business Module (COB) [VER29/08-17]
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  Versions
(1 version)
 
Aug 1 2017 onwards

COB 11 Crowdfunding

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The definitive version of DFSA handbook text is the PDF version as that is the text of the instrument as made and published by the DFSA.


Contents:
COB 11.1 Overview
COB 11.1 Guidance
COB 11.2 Application and interpretation
Application
Interpretation
COB 11.3 Requirements for Crowdfunding Platforms
Crowdfunding risk disclosure
Information about default or failure rates
Information about the service
Operator not to provide both regulated and unregulated crowdfunding services
Due diligence on borrowers or Issuers
Disclosure of information about the borrower or Issuer
Proposals not to be advertised outside platform
Material changes affecting a borrower or Issuer
Borrower or Issuer not to use other platforms
Equal treatment of lenders and investors
No suitability disclosure
Operator not to permit staff to use the platform
Forums
Facility for transfer of loans or Investments
Information technology
Business cessation plan
COB 11.4 Loan Crowdfunding — extra requirements
Written loan agreement
Lending limits
COB 11.5 Investment Crowdfunding — extra requirements
Risk acknowledgement form
Cooling-off period
Investment limit