Self Declaration and Investor Types Explained
As an online investment platform licensed as Crowdfunding Recognized Market Operators by the Securities Commission Malaysia, MyStartr is obligated to request that you certify and later recertify that you belong to one of the investor categories defined by the Securities Commission (fully described below) before authorizing you to make an investment.
This process is referred to as "self-declaration" and is a legal mandate that must be adhered to before accessing investor materials and information. All MyStartr members must complete self-certification once every 12 months (and will receive prompts accordingly). However, you also have the option to change your investor category and undergo self-certification again via your profile settings at any time. You can find instructions on how to do so here.
1. Retail Investor
Individual investors have the opportunity to a maximum of RM10,000 per issuer with a total amount of not more than RM50,000 within a 12-month period. This option is open to anyone. If you're uncertain about the most suitable choice, this would be a recommended option.
2. Angel Investor
Investors intending to participate in numerous campaigns must meet the following criteria and with a maximum of RM500,000 within a 12-month period investment limit: (Can be found in below attachment_Guidelines_on_Recognized_Market_(R11-2024) pg29
(as updated from time to time)) Read more
- who is a tax resident in Malaysia; and
- whose total net personal assets exceed RM3 million or its equivalent in foreign currencies; or
- whose gross total annual income is not less than RM180,000 or its equivalent in foreign currencies in the preceding 12 months; or
- who, jointly with his or her spouse, has a gross total annual income exceeding RM250,000 or its equivalent in foreign currencies in the preceding 12 months
3. Sophisticated Investor
Investors falling under the categories outlined by the Capital Market Services Act 2007 include those who are stated as below with no restrictions on investment amount: (The definition of Sophisticated Investor can be found in the below attachment_Guidelines on Categories of Sophisticated Investor pg5-pg10)
(a) Accredited Investor. Read more
(b) High-Net Worth Entity (HNWE) Read more
(c) High-Net Worth Individual (HNWI) Read more
(d) any person who acquires any capital market product or Islamic capital market product offered or traded on a recognized market where the consideration is not less than RM250,000 or its equivalent in foreign currencies for each transaction whether such amount is paid for in cash or otherwise.
