The US-China trade war has seen both countries engaged in a tit-for-tat imposition of tariff sanctions across a wide range of products. Many companies have started to change their logistics and supply chains to take advantage of favourable trade laws that can mitigate the impact of the US-China tariffs. This Update explores the economic opportunities that this trade war has created for the ASEAN region and how local businesses can take advantage.
TMT Update: Securities Commission Malaysia Seeks Public Feedback on Proposed Initial Coin Offering and Property Crowdfunding Regulatory Frameworks
In this Technology, Media and Telecommunications Update, we wish to bring your attention to two consultation papers issued by the Securities Commission Malaysia (“SC”) on 6 March 2019:
- Public Consultation Paper No. 1/2019 - Proposed Regulatory Framework for the Issuance of Digital Assets Through Initial Coin Offerings (ICOs); and
- Public Consultation Paper No. 2/2019 - Proposed Regulatory Framework for Property Crowdfunding.
The Public Consultation Paper on ICOs discusses the proposed regulatory framework for the eligibility of issuers, the need for transparent and adequate disclosures as well as utilisation of proceeds from ICOs, whereas the Public Consultation Paper on Property Crowdfunding follows on from the announcement of Budget 2019, which identified crowdfunding platforms as an avenue of alternative funding for first-time homebuyers. Feedback and comments must be submitted by 29 March 2019.