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 here or on the image below to download our briefing.


The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.