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ESMA Clarifies Use of Nominee Structures in Equity Crowdfunding under ECSPR

The European Securities and Markets Authority (ESMA) has published a new Q&A clarifying the use of fiduciary (nominee) structures by Crowdfunding Service Providers (CSPs) in relation to transferable securities and admitted instruments for crowdfunding purposes. The guidance addresses a key operational question for the market: whether and under what conditions CSPs may employ nominee structures […]

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IP Basics for Business Advisers and SMEs (Webinar – 26 March 2026)

Intellectual Property (IP) is a key strategic asset for innovative companies. Whether raising capital through crowdfunding, attracting investors, or scaling internationally, a clear understanding of IP rights can significantly strengthen a company’s valuation, credibility, and long-term competitiveness. To support advisers and businesses in navigating this essential topic, the European Union Intellectual Property Office (EUIPO), through

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ECSPR’s €12m threshold push: a solution in search of a problem?

In February 2026, one of several Brussels-based fintech associations and supported by national associations and select market participants, proposed more than doubling the threshold under the European Crowdfunding Service Providers Regulation (ECSPR, Regulation (EU) 2020/1503) from €5 million to €12 million per project. The proposal argues for alignment with the EU Listing Act (Regulation (EU)

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Lessons and Policy Challenges from the 2024 ESMA Data

The latest crowdfunding market data from European Securities and Markets Authority does more than describe market volumes, it exposes the political and policy dynamics shaping alternative finance in the European Union. Three years after the introduction of the European Crowdfunding Service Providers Regulation, the first attempt to harmonise retail investments in tradeable securities and loans

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Using Convertible Loans to Accelerate Early-Stage Investment

How standardised documentation supports angel investors, SMEs, and crowdfunding platforms across Europe Early-stage investment in Europe is evolving rapidly. Business angels, crowdfunding platforms, and growth-oriented SMEs are increasingly turning to convertible loans as a flexible tool to bridge financing rounds, accelerate due diligence, and simplify negotiations. Recognising this trend, ESIL has developed a series of

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Data visualization screen showing COVID-19 pandemic statistics and geographic spread.

EUROCROWD Contributes to the 8th Edition of AFME’s Capital Markets Union KPI Report

EUROCROWD is pleased to announce its contribution to the 8th edition of the Capital Markets Union (CMU) Key Performance Indicators Report, published by the Association for Financial Markets in Europe (AFME) in partnership with eleven leading European and international organisations. This collaborative publication assesses the EU’s progress in deepening and integrating its capital markets through

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Streamlining Early-Stage Investment Across Europe: Lessons from Term Sheet Templates

How standardised term sheets support angels, SMEs, and crowdfunding platforms in cross-border finance The European alternative finance ecosystem is evolving rapidly, but one persistent challenge remains: legal uncertainty and inconsistency in early-stage investment documentation. The ESIL term sheet templates offer a practical solution. Designed for harmonisation across EU member states, these templates aim to reduce

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Why Standardised Shareholder Agreements Matter for Angel Investing and SME Growth

Unlocking cross-border investment and reducing legal friction with harmonised templates in Europe In Europe’s rapidly evolving alternative finance ecosystem, legal complexity can slow down investment and hinder SME growth. ESIL has developed standardised shareholder agreement templates designed to make cross-border angel investing smoother, more predictable, and legally robust. At Eurocrowd, we see these tools as

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