A market services licence for a provider of a crowd funding service is subject to a condition that the provider must obtain from each investor, in accordance with subclauses (2) and (3), a confirmation to the following effect:
“
I confirm that I have seen the warning statement about crowd funding and—
I understand that equity crowd funding is risky and I may lose my entire investment; and
I confirm that I could bear that loss without suffering undue hardship; and
I understand that the usual legal protections do not apply to this investment; and
I understand that I may not be given the same information as is usually required by New Zealand law for investments.”