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Updated 27/07/2024

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In force since 09/11/2020

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Level 2 legal acts in relation to ECSPR

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Procedure 2018/0048/COD

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ECSPR Tool European Crowdfunding Service Providers Regulation (ECSPR)

European Crowdfunding Service Providers Regulation (ECSPR)

Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (Text with EEA relevance)

CHAPTER I - General provisions (Article 1-2)Article 1 - Subject matter, scope and exemptions Q&A Article 2 - Definitions Q&A

CHAPTER II - Provision of crowdfunding services and organisational and operational requirements of crowdfunding service providers (Article 3-11)Article 3 - Provision of crowdfunding services Q&A Article 4 - Effective and prudent management RTSQ&A Article 5 - Due diligence requirements Article 6 - Individual portfolio management of loans RTS Article 7 - Complaints handling RTS Article 8 - Conflicts of interest RTSQ&A Article 9 - Outsourcing Article 10 - Provision of asset safekeeping services and payment services Q&A Article 11 - Prudential requirements Q&A

CHAPTER III - Authorisation and supervision of crowdfunding service providers (Article 12-18)Article 12 - Authorisation as a crowdfunding service provider RTSQ&A Article 13 - Scope of authorisation Q&A Article 14 - Register of crowdfunding service providers Q&A Article 15 - Supervision Q&A Article 16 - Reporting by crowdfunding service providers ITS Article 17 - Withdrawal of authorisation Article 18 - Cross-border provision of crowdfunding services

CHAPTER IV - Investor protection (Article 19-26)Article 19 - Information to clients RTS Article 20 - Default rate disclosure RTSQ&A Article 21 - Entry knowledge test and simulation of the ability to bear loss RTSQ&A Article 22 - Pre-contractual reflection period Article 23 - Key investment information sheet RTSQ&A Article 24 - Key investment information sheet at platform level Article 25 - Bulletin board Article 26 - Access to records

CHAPTER V - Marketing communications (Article 27-28)Article 27 - Requirements regarding marketing communications Q&A Article 28 - Publication of national provisions concerning marketing requirements ITS

CHAPTER VI - Competent authorities and esma (Article 29-38)Article 29 - Competent authorities Article 30 - Powers of competent authorities Article 31 - Cooperation between competent authorities ITSRTS Article 32 - Cooperation between competent authorities and ESMA ITS Article 33 - Cooperation with other authorities Article 34 - Notification duties Article 35 - Professional secrecy Article 36 - Data protection Article 37 - Precautionary measures Article 38 - Complaint handling by competent authorities

CHAPTER VII - Administrative penalties and other administrative measures (Article 39-43)Article 39 - Administrative penalties and other administrative measures Article 40 - Exercise of supervisory powers and powers to impose penalties Article 41 - Right of appeal Article 42 - Publication of decisions Article 43 - The reporting of penalties and administrative measures to ESMA

CHAPTER VIII - Delegated acts (Article 44)Article 44 - Exercise of the delegation

CHAPTER IX - Final provisions (Article 45-51)Article 45 - Report Article 46 - Amendment to Regulation (EU) 2017/1129 Article 47 - Amendment of Directive (EU) 2019/1937 Article 48 - Transitional period with respect to crowdfunding services provided in accordance with national law DAQ&A Article 49 - Temporary derogation with respect to the threshold set out in point (c) of Article 1(2)Article 50 - Transposition of amendment of Directive (EU) 2019/1937 Article 51 - Entry into force and application

ANNEX I - KEY INVESTMENT INFORMATION SHEET RTS ANNEX II - SOPHISTICATED INVESTORS FOR THE PURPOSE OF THIS REGULATION

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