Events listed in European Crowdfunding Service Providers Regulation (ECSPR)
Adozione del Regolamento Consob in materia di fornitori di servizi di crowdfunding ...
ID 23568
The Consob has published a press release stating that, following a market consultation, it has, in collaboration with the Bank of Italy, adopted a Regulation on crowdfunding services for businesses, as required by article 4-sexies.1, comma 9, of the TUF (please see EventID#21655). The adoption of this Regulation completes the process of aligning national legislation with the provisions of Regulation (EU) 2020/1503 and its ...
Delibera n. 22721, modifiche al Regolamento di attuazione dell’art. 32-ter, ...
ID 23527
Concurrently to Resolution Consob No. 22720 (see Event 21655), Consob Resolution No. 22721 of 1 June 2023 was published, introducing modifications to the implementing regulation of Article 32-ter, paragraph 2, of the TUF, which concerns the Financial Dispute Arbitrator (ACF). The modifications aim to confirm the ACF’s jurisdiction over disputes between investors and crowdfunding service providers. This confirmation became necessary due to the repeal ...
Delibera n. 22720, adozione del Regolamento Consob in materia di servizi di ...
ID 23525
Consob has published its Resolution No. 22720 of 1 June 2023, adopting the new Consob Regulation on crowdfunding services. This regulation implements the provisions of Regulation EU 2020/1503 regarding crowdfunding service providers for businesses pursuant to articles 4-sexies.1 and 100-ter of the Consolidated Law on Finance (TUF). The new Regulation replaces the previous one on crowdfunding through online portals, adopted by Consob with Resolution ...
[ESMA35-42-1305 ] ESCPR – Miscellaneous reporting to ESMA
ID 23474
ESMA published an updated version of its document in connection with crowdfunding services and their providers in the EU. Specifically, the document provides current information on: 1. companies registered in each member state that fall under the provisions of the ECSPR (Article 2); 2. the languages accepted by NCAs with respect to the publication of the KID (Article 23); 3. local regulations per jurisdiction ...
[ESMA35-42-1088] Q&A on the European crowdfunding service providers for ...
ID 23431
ESMA has published an updated version of its Q&A on the ECSPR (Regulation (EU) 2020/1503). In this latest version, several new Q&As were added relating to the use of SPVs as set out in Section 1 and authorization issues as set out in Section 6 of the document. We would like to present the new entries in full, quote: — #### Use of SPVs ...
Orientamenti di vigilanza della Banca d’Italia in materia di fornitori ...
ID 23297
The Bank of Italy has launched a public consultation on the new supervisory guidelines for specialized crowdfunding service providers. The guidelines indicate the Bank of Italy’s expectations on how these providers should comply with the provisions on corporate governance, internal controls, suitability assessment of executives, and due diligence on project owners contained in Regulation (EU) 2020/1503 (ECSPR) and the related delegated regulations, taking into ...
Ansøgning om tilladelse til at fungere som crowdfundingtjenesteudbyder
ID 23277
The memo summarises the important aspects for new and existing crowdfunding services providers who will be obligated to apply for operating permits to the Danish FSA. #### Requirement for permission The requirement stems from Regulation (EU) 2020/1503 requiring crowdfunding providers to obtain official permits from their national authority bodies, to increase investor protection. The existing crowdfunding firms have an extended transition period until 10 ...
Pubblicato il Piano delle Attività di Regolazione Consob relativo all’anno ...
ID 22798
Consob, has published its Regulatory Activity Plan for 2023, outlining the key areas of regulatory focus for the coming year. The non-binding programming document contains both the annual plan of activities for the adoption of general regulatory acts („Piano delle attività regolamentari“) and the two-year plan of regulatory impact assessment activities („Piano delle VIR“). The Regulatory Activities Plan for 2023 aims to provide information ...
DECRETO LEGISLATIVO 10 marzo 2023, n. 30 : Attuazione del regolamento (UE) ...
ID 22463
The Legislative decree No. 30 of 10 March 2023 implementing European Crowdfunding Service Providers Regulation (ECSPR), was published in the Official Journal, Gazzetta ufficiale. The decree defines the competent national authorities and the activity of crowdfunding service providers, including the level of due diligence they must perform on project owners. The decree also specifies the sanctions for non-compliance. The Bank of Italy and Consob ...
[ESMA35-42-1088] Q&A on the European crowdfunding service providers for ...
ID 22220
The European Securities and Markets Authority, ESMA, has published an updated version of its Questions and Answers (Q&A) on the European crowdfunding service providers for business Regulation (Regulation (EU) 2020/1503). In this latest version, one new Q&A was added relating to general issues as set out in section 5. It is – as quoted: >General Provisions: **Question 3.14: Can a MiFID firm benefiting ...