Governance and competency
Board, fit and proper, management competency and compliance function.
Crowdfunding and Digital Asset Platform Compliance Review
A crowdfunding platform compliance review is an independent check of a Recognized Market Operator against the SC's Guidelines on Recognized Markets and related rules. Equity crowdfunding, P2P financing, token crowdfunding and secondary trading platforms operate markets, and the SC supervises them as such. We review your platform against the Guidelines on Recognized Markets as revised in 2025 and 2026, and the rules around them, before the SC does.
Platform Compliance Review
What it is
An independent compliance review of a Recognized Market Operator's governance, issuer onboarding, investor protection, disclosure, client money and asset safeguarding, complaints and reporting.
Why organisations need it
The SC revised the Guidelines on Recognized Markets in January 2025 and again on 20 May 2026, raising expectations on governance, management competency and safeguarding investor assets. Token crowdfunding, which the SC regulates as initial exchange offerings under the Guidelines on Digital Assets, adds digital asset custody and AML duties. Platforms that last reviewed themselves at registration are likely to have gaps.
What the engagement covers
Issuer due diligence
Onboarding, due diligence records and listing decisions.
Investor protection
Investor categories, limits, risk disclosure and suitability.
Client money and assets
Trust accounts, reconciliation, custody and safeguarding.
Secondary trading
Disclosure, surveillance and suspension for ECF secondary markets.
Complaints and reporting
Complaints handling, ombudsman readiness and SC reporting.
What the business gets out of it
Ahead of supervision
Gaps found before the SC finds them.
Current with 2026 changes
Tested against the latest revision.
Covers every model
ECF, P2P, token crowdfunding and secondary markets.
Board assurance
An independent view for directors.
Actionable
Remediation with owners and dates.
How it works
How the engagement runs
01
Scoping
Platform models and period in scope.
02
Document review
Manuals, policies and records.
03
Testing
Sample issuers, investors and transactions.
04
Gap analysis
Against the guidelines.
05
Report
Findings and remediation plan.
Deliverables
What you receive
Compliance review report
Findings ranked by risk.
Guideline mapping
Requirement by requirement.
Sample testing results
Issuers, investors and money flows.
Remediation plan
Owners and dates.
Board summary
Position for directors.
Who it is for
Who this is built for
Industries
Company sizes
Departments
FAQ
FAQ
SC-registered equity crowdfunding, P2P financing, property crowdfunding, token crowdfunding and digital asset exchange operators, and ECF secondary markets. The review is scoped to the models you run, so a platform operating several models is reviewed against the requirements for each.
Yes. The review tests against the Guidelines on Recognized Markets as revised on 20 May 2026, which raised expectations on governance, management competency and safeguarding investor assets. Platforms that last reviewed themselves at registration are the ones most likely to find gaps against it.
No. Shariah matters need an SC-registered Shariah adviser, so we do not give Shariah opinions. We review the regulatory framework around Shariah-compliant offerings, such as governance, disclosure and investor protection, and work alongside your Shariah adviser where needed.
Typically four to eight weeks, depending on how many platform models you run and your transaction volume. The review covers governance, issuer onboarding, investor protection, disclosure, client money and asset safeguarding, complaints and reporting, and ends with findings ranked by regulatory risk.
Yes. We help you turn SC findings into a remediation plan with owners and dates, then build and organise the evidence that each item has been closed, so your response shows the fix working rather than only describing it.