DOC 4-2019: Crowdfunding Intermediary Approval Committee and Protocol

Last updated: 26 June 2019

1. Reception of applicant’s file (DOC 5-2019: Crowdfunding Intermediary Application File) to supervision@africancrowd.org
2. First review by a staff member and decision of completeness. If incomplete, a response is made to the applicant requesting further information.
3. If complete, the applicant is invited to an online interview with at least 2 staff members.
4. The final decision is then taken by the Approval Committee and communicated to the applicant immediately.
5. The applicant is added to DOC 8-2019: List of Registered Crowdfunding Intermediaries
6. The applicant receives their Crowdfunding Intermediary registration number and may display the ACfA Label on their business’s marketing pages.
7. ACfA communicates the approval to the relevant national regulator(s).