Published : 2022-07-12

New Regulations in the area of Financial Services – remarks in the light of the Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business

Abstract

The aim of this paper is to present an outline of issues relating to the new unified legal regime
of crowdfunding services. The EU legislator adopts the concept of the single set of authorisation requirements for crowdfunding services providers. The purpose of the new legal regime is to address the existing obstacles and to ensure the uniform qualification of business models. The ECSP Regulation constitutes an essential step towards the unification of supervision aspects. New uniform regulations increase the availability external sources of finance for small and medium-sized enterprises, alternative to bank credits.

Keywords:

Crowdfunding, Crowdlending, ECSP Regulation

JEL Codes

K29, G23, G28


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Glicz, M. (2022). New Regulations in the area of Financial Services – remarks in the light of the Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business. Safe Bank, 87(2), 8–24. https://doi.org/10.26354/bb.1.2.87.2022

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