Request for Comments on the Updated Proposed Rules on Initial Coin Offering (ICO)

December 27, 2018

SEC MSRD

TO:Banks, Investment Houses, Investing Public and All Interested Parties
FOR:Request for Comments on the Updated Proposed Rules on Initial Coin Offering (ICO)

NOTICE

Considering the enhanced interest in the proposed rules, the Securities and Exchange Commission resolved to subject the Proposed Rules on Initial Coin Offering to a second round of public consultation.

Hence, the Commission is inviting banks, investment houses, the investing public and other interested parties to submit their views, comments and inputs to the said proposed rules or guidelines which are revised based on the comments received during the previous round of public consultation.

The draft SEC Memorandum Circular is hereto attached for your reference.

Commenters may submit, not later than 15 January 2019, their views, comments and inputs by email to [email protected], [email protected] and [email protected].

Issued on December 27, 2018.

ATTACHMENT

SEC MEMORANDUM CIRCULAR NO. ___
Series of 2018

SUBJECT: RULES ON INITIAL COIN OFFERING (ICO)

NOTICE

In recognition of the recent financial innovation of raising funds for a venture or business using internet platforms, the Commission formulated rules on initial coin offering...

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