The NCFM has developed and presented for public consultation the Regulations on the authorization of providers of collective financing services (crowdfunding).
As noted in the message of the National Commission for the Financial Market, this document is aimed at establishing a procedure for authorization, suspension and revocation of authorization of collective finance service providers. According to the draft Regulations, a legal entity intending to provide collective financing services submits to the NCFM an application of the established form, to which are attached documents relating to the applicant, its constituent documents and internal rules, an activity plan, data on the founders and responsible persons, as well as the types of services provided on collective financing, etc. The Regulations will regulate: the procedure for issuing, suspending and revoking authorization of suppliers; registration/deletion of suppliers and the procedure for updating data from the Register of collective finance service providers; method of preliminary approval of the responsible persons of the supplier; standard form for requesting authorization as a collective finance service provider and revoking authorization. Recommendations on the draft resolution of the NCFM can be sent until January 22, 2024. // 29.12.2023 — InfoMarket
