I. Identification criteria
A sophisticated investor is an investor who possesses the awareness of the risks associated with investing in capital markets and adequate resources to undertake those risks without exposing itself to excessive financial consequences. Sophisticated investors may be categorised as such if they meet the identification criteria set out in this Section, and if the procedure set out in Section II is followed.
The following natural and legal persons shall be regarded as sophisticated investors in all services offered by crowdfunding service providers in accordance with this Regulation:
(1) Legal persons meeting at least one of the following criteria:
(a) own funds of at least EUR 100 000;
(b) net turnover of at least EUR 2 000 000;
(c) balance sheet of at least EUR 1 000 000.
(2) Natural persons meeting at least two of the following criteria:
(a) personal gross income of at least EUR 60 000 per fiscal year, or a financial instrument portfolio, defined as including
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