Establishing a basis for European crowdfunding service providers
Crowdfunding, an open call to the wider public for raising money online, can help ensure that both individuals and companies get access to finance, especially in the seed and early growth stages of their projects or business. Member States with a developed crowdfunding market have designed bespoke regulatory regimes that differ from each other with regard to the conditions under which platforms can operate, their scope of permitted activities and the licensing requirements applicable to them. As a result of this diversity, cross-border flows remain limited and crowdfunding service providers face challenges in scaling up their operations. To remedy this, the Commission has proposed a regulation providing for uniform, proportionate and directly applicable requirements for the authorisation and supervision of crowdfunding platforms, together with a single point of supervision, and a directive exempting crowdfunding service providers from the scope of MiFID II. First edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.
Briefing
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Keyword
- approximation of laws
- BUSINESS AND COMPETITION
- business classification
- communications
- crowdfunding
- EDUCATION AND COMMUNICATIONS
- EU institutions and European civil service
- European Securities and Markets Authority
- EUROPEAN UNION
- European Union law
- FINANCE
- financial institutions and credit
- financial legislation
- financial services
- financing and investment
- free movement of capital
- innovation
- Internet
- investment
- investment company
- marketing
- PRODUCTION, TECHNOLOGY AND RESEARCH
- proposal (EU)
- provision of services
- research and intellectual property
- small and medium-sized enterprises
- start-up
- TRADE