Crowdfunding Update: Marketing Requirements

Regulatory activity continues to ramp-up in advance of 10 November 2021 (the application date of the new EU Crowdfunding Regulation) with the Central Bank of Ireland (CBI) publishing a consultation on marketing requirements for regulated providers of crowdfunding services (CSPs).

As mentioned in our recent briefing (Arthur Cox Q&A: EU Crowdfunding Regulation), the new regulatory framework set out in the EU Crowdfunding Regulation will apply, from 10 November 2021, to providers of two key types of crowdfunding: peer-to-peer business lending and investment-based crowdfunding.

EU Consultations

At EU-level, ESMA's consultation on seven sets of technical standards, covering key issues such as authorisation applications, complaints-handling, conflicts of interest, the calculation of rates of default on business lending platforms, the entry knowledge test and simulation of ability to bear loss for non-sophisticated investors, cooperation between national