On June 26, a press release was published by the
Council of the EU's Permanent Representatives
Committee (COREPER). COREPER has agreed
its position relating to the proposed Regulation on European
crowdfunding service providers and the proposed Directive making
consequential amendments to the MiFID II Directive
(2014/65/EU).
The press release states that the EU is setting out a new
regulatory framework for the operation of crowdfunding platforms.
The new framework will make it easier for crowdfunding platforms to
provide their services across the EU. It harmonizes the minimum
requirements on these platforms when operating in their home market
and other EU countries. The proposal also increases legal certainty
by harmonizing investor protection rules.
