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July 9, 2016
Singapore plans to make it easier for start ups and SMEs to raise money through securities-based crowdfunding (SCF). The Monetary Authority of Singapore (MAS) said it will simplify the check required on investors and reduce the financial requirements for investors ‘Small offer’ issuers, raising less than S$5 million ($3.7 million) within 12 months, can currently do so without issuing a prospectus but only if they pre-qualify all investors based on their knowledge, suitability and financial means.
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