The Capital Market Authority participated in a workshop titled “Regulatory Frameworks of Crowdfunding Platforms ,“ Regional and International Experiences” organized by the Arab Monetary Fund during the period 2-3 March. The workshop aims to highlight the  realities and prospects of crowdfunding platforms in the Arab World and to exchange expertise related to the regulatory frameworks of crowdfunding platform based on best regional and global practices through working papers presented by specialist and researchers from the member counties.

CMA participated by a working papers on its crowdfunding platforms experience presented by Musab Mohammed Al Lawati, Director of Supervision and Compliance which supervised the regulation of the crowdfunding platforms activity. The paper contained detailed account on the types of crowdfunding platform in the Sultanate of Oman, the categories of investors, the general features  of theregulation for crowdfunding platforms and the obligations of applicants for  financing.

Crowdfunding is a window for entrepreneurs and innovators for financing  from donors or investors to support their projects through and electronic platform which enables the small and medium enterprises to obtain financing. CMA has issued the Regulation for Crowdfunding vide Decision No. 153/2021 dated November 21, 2021.