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  1. 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) (Crowdfunding Regulation)
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Version status: Applicable | Document consolidation status: Updated to reflect all known changes
Published date: 20 October 2020

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) (Crowdfunding Regulation)

Consolidation Status: Updated to reflect all known changes
Comparing proposed amendment...
Recitals
Chapter I General provisions (arts. 1-2)
Applicable
 Article 1 Subject matter, scope and exemptions
Applicable
 Article 2 Definitions
Chapter II Provision of crowdfunding services and organisational and operational requirements of crowdfunding service providers (arts. 3-11)
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 Article 3 Provision of crowdfunding services
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 Article 4 Effective and prudent management
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 Article 5 Due diligence requirements
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 Article 6 Individual portfolio management of loans
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 Article 7 Complaints handling
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 Article 8 Conflicts of interest
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 Article 9 Outsourcing
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 Article 10 Provision of asset safekeeping services and payment services
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 Article 11 Prudential requirements
Chapter III Authorisation and supervision of crowdfunding service providers (arts. 12-18)
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 Article 12 Authorisation as a crowdfunding service provider
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 Article 13 Scope of authorisation
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 Article 14 Register of crowdfunding service providers
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 Article 15 Supervision
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 Article 16 Reporting by crowdfunding service providers
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 Article 17 Withdrawal of authorisation
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 Article 18 Cross-border provision of crowdfunding services
Chapter IV Investor protection (arts. 19-26)
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 Article 19 Information to clients
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 Article 20 Default rate disclosure
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 Article 21 Entry knowledge test and simulation of the ability to bear loss
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 Article 22 Pre-contractual reflection period
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 Article 23 Key investment information sheet
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 Article 24 Key investment information sheet at platform level
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 Article 25 Bulletin board
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 Article 26 Access to records
Chapter V Marketing communications (arts. 27-28)
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 Article 27 Requirements regarding marketing communications
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 Article 28 Publication of national provisions concerning marketing requirements
Chapter VI Competent authorities and esma (arts. 29-38)
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 Article 29 Competent authorities
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 Article 30 Powers of competent authorities
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 Article 31 Cooperation between competent authorities
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 Article 32 Cooperation between competent authorities and ESMA
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 Article 33 Cooperation with other authorities
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 Article 34 Notification duties
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 Article 35 Professional secrecy
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 Article 36 Data protection
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 Article 37 Precautionary measures
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 Article 38 Complaint handling by competent authorities
Chapter VII Administrative penalties and other administrative measures (arts. 39-43)
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 Article 39 Administrative penalties and other administrative measures
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 Article 40 Exercise of supervisory powers and powers to impose penalties
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 Article 41 Right of appeal
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 Article 42 Publication of decisions
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 Article 43 The reporting of penalties and administrative measures to ESMA
Chapter VIII Delegated acts (art. 44)
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 Article 44 Exercise of the delegation
Chapter IX Final provisions (arts. 45-51)
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 Article 45 Report
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 Article 46 Amendment to Regulation (EU) 2017/1129
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 Article 47 Amendment of Directive (EU) 2019/1937
Amended
 Article 48 Transitional period with respect to crowdfunding services provided in accordance with national law
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 Article 49 Temporary derogation with respect to the threshold set out in point (c) of Article 1(2)
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 Article 50 Transposition of amendment of Directive (EU) 2019/1937
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 Article 51 Entry into force and application
Annex I Key Investment Information Sheet
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 Annex II Sophisticated Investors for the purpose of this Regulation
Done at
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