The Superintendency of the Securities Market (SIMV) approved the draft regulations governing crowdfunding operations in the country .The measure was formalized through resolution R-CNMV-2025-27-MV, which establishes the legal framework for regulating and supervising these activities within the Dominican securities market.
With this decision, crowdfunding ceases to operate as an informal entity and becomes structuredly integrated into the financial system, under clear rules, authorization processes, and direct supervision by the authorities
A new channel for small and medium-sized businesses
The regulations will allow small and medium-sized enterprises, as well as other non-traditional issuers, to access the stock market through crowdfunding platforms. These platforms will act as intermediaries between investors and projects seeking to raise capital, following a regulated and transparent framework.
All companies established for the sole purpose of managing crowdfunding platforms must comply with this new set of regulations. This includes legal, operational, and technological requirements designed to protect investors and ensure the stability of the system.
Currently, the Dominican Republic Stock Exchange (BVRD) is the only entity authorized to conduct these types of activities within the country's securities ecosystem. Therefore, crowdfunding platforms must operate under the stock exchange framework authorized by the National Securities Market Council and be formally registered with it.
Two-stage authorization process
The regulation establishes a two-phase authorization process for companies that want to manage these platforms.
The first is a legal assessment, where the company's legal structure, its corporate purpose, and compliance with regulatory requirements are reviewed.
The second is an operational assessment, which includes technological aspects, corporate governance, internal controls and risk management systems, ensuring that the platform has the technical and organizational capacity to operate safely.
A clear framework for collaborative investment
The Regulation for Collaborative Investment Financing aims to regulate this activity when it is carried out through the issuance of publicly offered securities. It also defines the requirements that both platforms and projects seeking financing must meet, as well as the authorization and registration process with the securities market registry.
With this regulation, the Dominican Republic takes an important step towards modernizing its financial ecosystem, opening a new avenue for access to capital for entrepreneurs and businesses, while establishing a framework of protection and transparency for investors.
