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Part III Regulating the Crowdfunding Service Providers Under the Crowdfunding Regulation, 8 Organizational and Operational Requirements for Crowdfunding Service Providers

Kitty Lieverse, Wendy Pronk

From: The EU Crowdfunding Regulation

Edited By: Pietro Ortolani, Marije Louisse

From: Oxford Legal Research Library (http://olrl.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 04 March 2024

Subject(s):
Authorisation — Supervision — Alternative investment fund

This chapter analyses the organisational and operational requirements for crowdfunding service providers (CSPs) under the Crowdfunding Regulation. These requirements are in follow up to the authorisation requirements that the CSPs have to meet in order to obtain market access. CSPs should comply with certain requirements designed to ensure that projects on their platforms are selected in a professional, fair, and transparent way, and that crowdfunding services are provided in the same manner. The chapter then discusses the governance arrangements that CSPs should have in place to ensure their effective and prudent management, including the prevention of conflicts of interest. It also assesses the prudential requirements that are applicable in order to protect clients against operational risks and the rules in respect of outsourcing.

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