On 19 November 2021, the European Securities and Markets Authority (“ESMA”) published updated Questions and Answers (Q&As) on the so-called Crowdfunding Regulation (“Regulation”)^[1].

The updated Q&As address investor protection and the rules for the functioning of crowdfunding service providers in the current transition period.

The Regulation lays down, among others, the requirements for the provision of crowdfunding services, and for the organisation, authorisation and supervision of crowdfunding service providers.

Source: https://www.esma.europa.eu/sites/default/files/library/esma35-42-1088_qas_crowdfunding_ecspr.pdf

^[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).