Oman Capital Market Authority Decision No. E/153/2021
Rules for Crowdfunding Platforms
Based on the Capital Market Law enacted by Oman Sultani Decree No. 80/1998; and
The Executive Regulation of the Capital Market Law issued by Oman Decision No. 1/2009; and
In the interest of the public;
It has been decided
Rules for Crowdfunding Platforms
Chapter 1 - Definitions and General Provisions
Article 1
In the application of these Rules, the following words and expressions shall have the meaning respectively assigned to them unless the context otherwise requires:
CMA: Capital Market Authority
Crowdfunding: A method enabling those who seek funding to obtain amounts from donors or investors for the purpose of supporting their projects via the platform for donation or in consideration of reward or equity or investment note.
Operator: Legal person licensed by the CMA to carry out the activities of crowdfunding platform.
Platform: Electronic operating system displaying funding application and user’s interaction managed by the Operator.
Applicant for Funding: Legal person seeking funding hosted on the platform.
Directors: Directors of closed joint stock companies and partners boards for other form of companies.
Users: Investors, donors and applicants for funding.
Sophisticated Investor: Refers to: