Regulation on Crowdfunding: EBF position on the EC proposal

EBF advisor: Daniel Bouzas
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Publication date: 12 July 2018
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Key points:

The EBF fully supports the proposal of the European Commission to introduce a pan-European label for crowdfunding platforms.

In our reaction to the EU Inception Impact Assessment on a Framework on Crowd and P2P finance, we stated that crowdfunding is, in combination with other financing channels, they offer new channels of access to finance for individuals and small companies facing difficulties to tap the traditional banking channels.

For this, we advocated for a consistent EU wide regulatory framework for consumer protection and to consider whether specific categories of crowdfunding service providers are in fact subject to existing financial regulation.

Our main view is that the long-term aim of the Commission should strive to reach a comprehensive EU framework, reducing existing divergences across Member States and achieve a level playing field in which the same activity is subject to the same regulation.