How Do I Set Sponsor Rules and Review an Applicant Against Them?

Sponsor rules are checks your team adds to a raise, such as minimum experience or a state restriction. Each application is then reviewed against them. Every rule change and every review needs approval from another team member. If no one else in your workspace can approve, you can approve it yourself after confirming your password and a code.

Set rules for a raise

1. Open the raise and go to the Setup view.
2. In the Sponsor Rules panel, click Change Rules.
3. Enter each rule (Rule 1, Rule 2, ...). Click Add Rule for more (up to 30) or Remove Last Rule.
4. Tick Allow a Reviewed Exception to This Team Rule where exceptions are allowed.
5. Enter the Reason for This Review and click Save for Review.
6. Another team member expands the pending version under Review History and clicks Review and Approve, or you click Cancel Review.

Review an application

1. Open the application. In the Sponsor Review panel, click Start New Review.
2. For each rule pick Pass, Does Not Meet This Rule, or Request an Exception (only if allowed), and fill in Evidence and Reason for This Result.
3. Choose an Evidence File and the date the Evidence Is Valid Through.
4. Enter the reason and click Save for Review. Another team member approves it.

Good to know

• Sponsor rules do not replace required investor checks, such as accreditation, or bank approval. An exception cannot skip a required investor check.
• Approved rules apply to everyone who has not yet joined, including existing applications. Changing rules puts new joining requests on hold until reviewed.
• A new review puts joining on hold until it is approved. Past records stay saved.
• The evidence file must be a legal file saved for this investor account and investment. If none is listed, upload one in Documents first.
• You must approve rules before you can prepare an application review.
• Changing rules needs raise edit access. Approving needs approval rights.
• Related: How Do I Review Subscription Applications?.

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