Crowdfunding is an established form of alternative finance for start-ups, small and medium-sized enterprises (SMEs), real estate and renewable energy. It represents intermediation through a digital platform matching fundraisers with prospective investors, irrespective of whether that funding leads to a loan agreement, equity stake or to another transferable security-based stake. However, the absence of a unified European-wide regulatory framework for Crowdfunding Services Providers for business complicates the further development of crowdfunding as one of the most innovative alternative financing schemes.
In March 2018, the European Commission has proposed regulation “European Crowdfunding Service Providers (ECSP) for business” covering both, lending-based crowdfunding and investment-based crowdfunding. The proposal is designed to ensure transparency, customer protection and platform operations and if successful, will boost capital formation and investment opportunity across Europe. The 7th ECN Crowdfunding Convention will focus on the proposal and its possible adaption.
Among the Speakers, you will hear from European policymakers. Ashley Fox (Member of the European Parliament) and Jung-Duk Lichtenberger from DG FISMA, European Commission will deliver keynotes on the regulation proposal from the institutions’ perspective, while representatives from European crowdfunding platforms, law firms and other interested parties will discuss specific aspects of the proposal and possibly make suggestions for changes.
If you want to take part in defining the future of European Crowdfunding Service Providers for business, meet eye-to-eye with policymakers and contribute to shaping the future of alternative finance, save your spot by registering before the 15th of October.