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ECF Regulatory Information

Understand the framework before participating.

A plain-language overview of key Malaysian equity crowdfunding requirements for prospective issuers and investors.

No live campaign, investment commitment, payment or client money is currently accepted through this website.

This website and its contents have not been reviewed by the Securities Commission Malaysia.

iPivot Sdn. Bhd. is registered with the Securities Commission Malaysia as a Recognised Market Operator to operate an equity crowdfunding platform.

This summary is general information, not legal or investment advice. The applicable law, SC guidelines, iPivot platform rules and campaign documents prevail.

Investor participation

Investment limits apply across platforms.

Under the SC Guidelines on Recognized Markets revised 20 May 2026, the limits below apply to local and foreign investors. Investors are responsible for providing accurate classification and investment information.

Retail investors

Up to RM10,000 per issuer and RM50,000 in total across ECF investments within a 12-month period.

Angel investors

Up to RM500,000 in total within a 12-month period.

Sophisticated investors

No prescribed ECF investment amount restriction, subject to the applicable sophisticated-investor criteria.

Investor status is not determined by this webpage or by Ar. Classification and onboarding checks would occur before participation when platform transactions are activated.

Issuer eligibility

Who may seek ECF funding?

Only locally incorporated companies and limited liability partnerships may be hosted. An issuer may raise a lifetime maximum of RM20 million collectively through ECF platforms, excluding its own capital contribution and private placements. The limit does not apply to a qualifying microfund.

Eligibility is subject to iPivot’s review, due diligence, platform rules and applicable law. Submission does not guarantee acceptance or fundraising success.

Entities that cannot raise through ECF

  • Exempt private companies.
  • Commercially or financially complex structures, including investment fund companies or financial institutions.
  • Public-listed companies and their subsidiaries.
  • Companies without a specific business plan, including blind-pool structures formed to merge with or acquire an unidentified entity.
  • Companies, other than qualifying microfunds, proposing to use the proceeds to provide loans or invest in other entities.
  • Any other entity type specified by the Securities Commission Malaysia.

Investor safeguards

Controls before funds reach an issuer.

Cooling-off and material changes

Funds may only be released after a cooling-off period of at least six business days has expired. Investors must be informed of material adverse changes, including a false or misleading disclosure, a material omission, or a material development affecting the offering or issuer.

Independent trust arrangement

When regulated transactions are activated, funds raised for an issuer must be held in a designated trust account at a licensed institution and administered by an independent registered trustee. Release is conditional on the target being met, shares being issued, no material adverse change and expiry of the cooling-off period.

Disclosure and communication

Campaign information must enable an informed assessment, including the issuer, share rights, fundraising purpose, intended use of proceeds, business plan, financial information and key management. Successfully funded issuers must communicate effectively, transparently and regularly with shareholders.

Conflicts, fees and referrals

Applicable fees and charges must be fair, reasonable and transparent. Platform interests in hosted issuers and payments to or from referrers or introducers connected with a hosted issuer must be publicly disclosed as required.

Important risk warning

ECF investments can result in total loss.

Investing in private companies involves substantial risk, including loss of capital, illiquidity, and absence of guaranteed returns. You should only invest capital you can afford to lose and should seek independent professional advice before making any investment decision.

Investments are not deposits, returns are not guaranteed, private shares may be difficult or impossible to sell, and investment losses through a recognised market are not covered by the Capital Market Compensation Fund.

Read the full risk disclosure

Current operating status

  • No live ECF campaign is displayed.
  • No investment commitment or payment is accepted.
  • No client money is received through this website.
  • No secondary market is offered through this website.
  • Ar provides general information and navigation only.

Complaints

Raise a concern directly.

Send complaints to ir@ipivot.asia. Do not email passwords, access credentials or unrequested identity documents.

View the complaints process

Official source

Check the current SC rules.

Source reviewed 13 August 2026: SC Guidelines on Recognized Markets, revised 20 May 2026. Requirements may change.

Open the SC recognised-markets page