Singapore's 50/12? , Equity Crowdfunding? and ASSOB

[Paul Niederer]

Recently while in Singapore running a crowd finding workshop somebody mentioned that Singapore had a 50/12 regulation. Meaning 50 retail investors can invest in a company each year.

--- >  Does anyone have a copy of this legislation and can point me in it's direction?

What I was thinking was that ASSOB, the world's oldest crowdfunding platform, operates under 20/12 regulation and there may be an organisation in Singapore that would like to use our technology to build an equity crowdfunding presence in Singapore.

ASSOB has raised $138 million for around 300 startups and growth companies over the past 8 years.

--- >  So second question is do you know an organisation that could champion this endeavour?

A platform like this is good for the startup community as it is an entrepreneur driven platform.

A thank you also to JFDI.Asia’s Innovation Campus for a great session with Yves Pigneur of "Business Model Generation"

Kind regards

Paul Niederer

C.E.O
Australian Small Scale Offerings Board
“Passionately Facilitating Equity Funding for Small Business since 2005”

ASSOB - The World’s first Equity Crowdfunding Platform
pa...@assob.com.au
Phone: 1300 722 954
Fax: 1300 722 593
M: 0411 968 362
Skype: paulniederer
Twitter: paulniederer
http://www.linkedin.com/in/paulniederer
Office: Suite 14, "Riverwalk Place"
           Corner 2 Waterfront Place & 
           238 Robina Town Centre Drive
           ROBINA  QLD  4226
 “A promise is a cloud; fulfillment is rain; Investors deserve rain".

[drllau]

ASSOB is really a good deal for those early investors wanting liquidity (or draw-down of initial stake). However, the rules are quite strict (eg what is a sophisticated investor) but Paul has blogged about possible relaxation of the ASIC guidelines to enable something akin to crowd-investing (abeit still for experienced investors). I'd also note that P2P lending is getting established for SocietyOne and another firm (can't recall off top of head) though professionally speaking, it is closer to syndication (book-build) of a secured loan.

Lawrence
http://www.linkedin.com/in/drllau

[Meng Wong]

You're talking about the Subdivision 4 exemptions in the Securities and Futures Act, available online. Start at section 272 and read on.

Hope this link works – if it doesn't, start at the main site and navigate in.

http://statutes.agc.gov.sg/aol/search/display/view.w3p;ident=42cfc75c-14c3-4902-b023-6a241c0b8d5a;page=0;query=DocId%3A25de2ec3-ac8e-44bf-9c88-927bf7eca056%20Depth%3A0%20Status%3Ainforce;rec=0

You might also find http://insightlegalasia.com/blog/crowdfunding-equity-based-asia-pacific-legal-and-regulatory-ambiguities-without-analogous-us useful

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