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EU Crowdfunding Regulation: ESMA supports conditional extension of transitional period

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Published on: 19 May 2022

Published by LNB News

LNB News 19/05/2022

Document Information

Issue Date: 19 May 2022

Published Date: 19 May 2022

Jurisdiction(s): European Union

Article summary

The European Securities and Markets Authority (ESMA) has published its technical advice to the Commission on the possibility of extending the transitional period set out in Article 48 of Regulation (EU) 2020/1503 on European crowdfunding service providers for business (the EU Crowdfunding Regulation (CR)). Crowdfunding service providers (CSPs) that provide their services only on a national basis currently benefit from a transitional period that is set to expire on 10 November 2022. In its final report, ESMA discusses the application of the CR to these CSPs as well as the relevance of extending the transitional period set out in Article 48.

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