# CH: Small Offers Exemption The Small Offers Exemption is designed for issuers raising smaller amounts of capital and is available to both professional and retail investors. *** ### Who Can Invest? * Both retail investors (ordinary individuals) and professional investors can participate. *** ### How Much Money Can Be Raised? * Up to CHF 8 million in a rolling 12-month period. *** ### Are There Any Restrictions? * No full prospectus is required, but you must comply with basic transparency and anti-fraud regulations. * Issuers should clearly communicate the risks associated with the offering. * In certain cases, the offering must be promoted by a local authorized representative. *** ### Compliance Notes * While this framework simplifies regulatory requirements, issuers should still ensure that their offering materials are clear and accurate to avoid potential legal issues. *** ### Why Choose Small Offers Exemption? The Small Offers Exemption is perfect for startups, small businesses, or tokenized projects seeking moderate fundraising while keeping compliance costs low. It allows access to a broader range of investors without requiring a full prospectus. *** --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.stobox.io/tokenization_framework/phase-3-define-the-tokenization-model/regulations-of-sto-offerings/switzerland-or-finma/ch-small-offers-exemption.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.