Obligation of CSF intermediary relating to their platforms—applicant risk acknowledgement
6D.3A.07 Obligation of CSF intermediary relating to their platforms—applicant risk acknowledgement
For the purposes of paragraph 738ZA(3)(b) of the Act, this regulation sets out the requirements for an acknowledgement by a person making an application pursuant to a CSF offer.
The following statement must be set out in the acknowledgement:
“I have read the CSF offer document. I understand this document is not a prospectus and contains less information than a prospectus.
I have read the risk warning and I understand that it contains some of the important information for making a decision about investing. However:
I understand that crowd‑sourced funding is risky and that I may lose my entire investment; and
I confirm that I could bear that loss without suffering undue hardship; and
I understand that I may never be able to sell my shares and the value of my investment may be diluted over time.
I am aware that I can use the communication facility to ask questions and that there is a 5 business day cooling off period in relation to this investment.”.
This Act’s bill:Explanatory statement
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