Part II Defining and Assessing the Scope of the Crowdfunding Regulation, 3 The Scope of the Crowdfunding Regulation and the Impact of Brexit »
Petja IvanovaFrom: The EU Crowdfunding Regulation
Edited By: Pietro Ortolani, Marije Louisse
This chapter clarifies the scope of application of the Crowdfunding Regulation. It also discusses the impact of Brexit on the application of the crowdfunding legal framework and the further development of the crowdfunding market. According to Article 1(1), the uniform requirements of the Crowdfunding Regulation apply to crowdfunding service providers (CSPs), including their organisation, authorization, and supervision and the operation of crowdfunding platforms, and to the provision of crowdfunding services and transparency and marketing communications. Yet, the provisions of the Crowdfunding Regulation either remain inapplicable to particular forms of crowdfunding, or result in an interdependence with other existing EU instruments. Despite the obstacles still existing and within the limits of the Crowdfunding Regulation, cross-border operations of CSPs throughout the Union are significantly facilitated.