{"data":{"id":"us/17-cfr-227.403","jurisdiction":"us","citation":"17 CFR 227.403","heading":"Compliance.","body":"(a) Policies and procedures. A funding portal must implement written policies and procedures reasonably designed to achieve compliance with the federal securities laws and the rules and regulations thereunder relating to its business as a funding portal.\n(b) Privacy. A funding portal must comply with the requirements of part 248 of this chapter as they apply to brokers.\n(c) Inspections and examinations. A funding portal shall permit the examination and inspection of all of its business and business operations that relate to its activities as a funding portal, such as its premises, systems, platforms, and records by representatives of the Commission and of the registered national securities association of which it is a member.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 227—REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS","Subpart D—Funding Portal Regulation"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"4e188dad1b9342be41ec943505cbc8d445e85a1e17c373177b80d5c0e1dac037","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-227.402","next":"us/17-cfr-227.404"},"notice":"GroundRules: Original legal text. Not legal advice."}