Comparison Regarding Investor Privacy Legislation in Equity Crowdfunding Between Malaysia and Indonesia

• Main Authors: Mohd Shariff, Roos Niza, Shalihah, Fithriatus
• Format: Conference or Workshop Item
• Language: English
• Published: 2022
• Subjects: K Law (General)
• Online Access: https://repo.uum.edu.my/id/eprint/30472/1/SOLAS%20VI_2022_169_177.pdf; https://repo.uum.edu.my/id/eprint/30472/

Equity crowdfunding (ECF) has emerged as an alternative funding channel for startup firms. It involves fundraiser by investors to finance business activities on internet in Indonesia while in Malaysia it raises funds for small businesses from the public on websites registered with the Malaysian Securities Commission. In lieu with this is the necessary legislative to protect investor privacy engaging in ECF which based on internet platforms. This is a comparison study between Malaysia and Indonesia regarding investor privacy legislation in ECF activities. This study applied normative legal research that focuses on positive legal norms, in-laws, and regulations. In its findings, more investments via ECF arose after the introduction of legal protections in Malaysia. Whereas Indonesia is regulated by unclear protective treatments which has no clear regulations on investor privacy protection. Therefore, P2P lending platforms operating in Indonesia is required to comply with Indonesian laws and regulations relevant to their activities, location, and legal structure.