SC draws up guidelines for P2P financing

KUALA LUMPUR: The Securities Commission (SC) announced the regulatory framework for peer-to-peer financing (P2P), paving the way for small and medium-sized companies to access a new avenue of debt funding. The guidelines do not allow personal loans to be raised via the new platforms.

“The P2P framework will enable sole proprietorships, partnerships, incorporated limited liability partnerships, private limited and unlisted public companies to access marketbased financing to fund their projects or businesses, via an electronic platform,” the SC said in a press release.