Crowdfunding Industry Overview

Appendix 4: FCAA Equity Crowdfunding Exemption Approved Dec 6, 2013: FCAA Approves Equity Crowdfunding Exemption in Saskatchewan . • Investors capped at $1,500 per deal but no limit on how many investments within any 12-month period Issuers can raise up to $150,000 no more than twice per year Offering period can be no longer than six months No financial statement requirements Any type of issuer can use this exemption and issue any type of security Portals are exempt from registering with the FCCA, therefore, there are no "know your client" or "suitability" requirements Portals cannot provide investment advice Portals can charge fees but no fees are required to be paid to the FCCA Link to Saskatchewan Crowdfunding 'lite': http://www.ncfacanada.org/wp-content/uploads/2013/07/Proposal-FCAA-Crowdfunding-Exemptions-July-9-2013.pdf http://ncfacanada.org/equity-crowdfunding-available-in-saskatchewan/ Slide | 38 Employment and Social Development Canada NCFA Michal Chowdurcing Association Canara

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