ESMA Publishes Technical Standards On Crowdfunding

The European Securities and Markets Authority (ESMA), has recently published a  Final Report  in relation to technical standards (RTS and ITS) under the provisions of the Crowdfunding Regulation (ECSPR), in its capacity as the EU's securities markets regulator. The report addresses all of ESMA's 12 mandates in this field which include 4 with a legal deadline set for May 2022. ESMA decided to deliver on all its technical mandates at the same time to provide indicative guidance to competent authorities and stakeholders, in light of the ECSPR entering into force this November.

The 12 standards in the report cover all investor protection aspects under the ECSPR, namely:

• Complaints handling;