This CP also applies to firms, and their appointed representatives, that operate investment-
based crowdfunding platforms on which consumers can buy investments such as unlisted
equity or debt securities, or units in an unregulated collective investment scheme, and firms
that plan to do so. At present, we have identified ten firms and 11 appointed representatives
that operate such crowdfunding platforms.
1.8 This CP also applies to any firm that, using any media, communicates direct offer financial
promotions for unlisted equity or debt securities to retail clients, who do not receive regulated
advice or investment management services in relation to those investments, and who are not
corporate finance contacts or venture capital contacts.