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European Commission passes delegated acts regarding regulatory technical standards related to ECSPR

by EUROCROWD on 20.07.2022

On 13 July 2022 the European Commission has passed delegated acts with regard of all outstanding regulatory technical standards as provided by ESMA and EBA and related to ECSPR. All delegated acts are subject to a three months review period. EUROCROWD welcomes the timely approval of the technical standards without significant changes. This will allow crowdfunding service providers to fully embrace ECSPR and to finalise their licensing.

The topics signed off relate to:

Jointly with the extended transition period, European crowdfunding service providers or those intended to becoming one, have now sufficient clarity on the legal requirements and arrangements around the ECSPR license. Given that already first ECSPR licenses have been given out, we welcome this clarification and expect a rapid uptake of those actors in the market ready to roll out their pan European operations.