Eurocrowd launches legal report on roll-out of EU crowdfunding rules
Eurocrowd, the European trade body for crowdfunding, has launched a new report, in collaboration with PwC Legal Germany, to review the implementation of the new EU crowdfunding rules.
The legal report into the ongoing implementation of the European Crowdfunding Service Provider Regulation (ECSPR) evaluates legal and tax opportunities and risks, in light of varying national implementation of the developing capital market rules.
Eurocrowd notes that any legal text leaves room for interpretation, leading to the discrepancy between national regulators and market participants across the bloc.
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“With this new study, Eurocrowd aims to create a fresh starting point for the crowdfunding market, provide easier access to new markets for crowdfunding service providers, and raise issues on what are likely to become significant operational hurdles, if not properly addressed by policy makers,” said Oliver Gajda, executive director at Eurocrowd.
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“We are looking forward to expanding on this work in continuous discourse and repeated, stringent research in the coming years – with the support of our members.”
The report will be shared with the European Commission and the European Securities and Markets Authority to support its work in establishing an efficient and harmonised European crowdfunding sector.
Crowdfunding service providers interested in obtaining a copy of the report may contact [email protected].
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