On 20 October 2020 the European Commission published its new regulatory regime on crowdfunding including a new Regulation and a new Directive. William Fry’s Financial Regulation Unit and Fintech teams have prepared a briefing to help entities navigate the new regulatory regime as crowdfunding becomes increasingly popular.

The briefing explains:

• The entities covered by the new regulatory regime
• Authorisation requirements to become a European Crowdfunding Services Provider (“ECSP”)
• The relationship between crowdfunding and MiFID
• Requirements imposed on ECSPs
• The implications of Brexit for crowdfunding
• Practical advice for firms

Please click on the image below to download our briefing.