Request for Comments on the Proposed Rules and Regulations Governing Crowdfunding (CF)

2017SEC MSRDSUBJECT : Request for Comments on the Proposed Rules and Regulations Governing CrowdFunding (CF) NOTICEThe Commission intends to issue Rules and Regulations Governing Crowdfunding (CF).For this purpose, the Commission is soliciting comments from market participants and interested parties on the proposed CF Rules. Parties are encouraged to indicate the specific section and provision in the CF Rules to which their comments pertain. The draft Rules and Regulations Governing the Crowdfunding is hereto attached for your reference.Kindly address your comments to the Markets and Securities Regulation Department (MSRD), G/F Secretariat Building PICC Complex, Roxas Boulevard Pasay City, not later than 12:00nn 15 December 2017. You may also email your comments to [email protected])sec.gov.ph. ATTACHMENT SEC MEMORANDUM CIRCULAR NO. __Series of 2017SUBJECT : RULES AND REGULATIONS GOVERNING CROWDFUNDING (CF)NOTICEIn recognition of the recent financial innovation of raising funds for a venture or business activity performed through internet platforms, the Commission formulated rules on crowdfunding in accordance with the Securities Regulation Code (SRC) and international practices and standards.PREAMBLEWHEREAS, it is the policy of the Commission to encourage...