What changes on 28/11/2022

The text in force from 29/10/2012 compared with the text from 28/11/2022.

Read the act as of 28/11/2022 · other versions:

Chapter I

• inserted Article 1 - Accuracy and reliability of information to be provided to investors
• inserted Article 2 - Format of the information to be disclosed

Chapter II

• inserted Article 3 - Credit risk of individual crowdfunding projects
• inserted Article 4 - Credit risk at the investor’s portfolio level
• inserted Article 5 - Credit risk of project owners
• inserted Article 6 - Use of models
• inserted Article 7 - Information on stress testing and sensitivity analysis

Chapter III

• inserted Article 8 - Calculation of the weighted average annual interest rate
• inserted Article 9 - Distribution of loans according to risk category
• inserted Article 10 - Key information for every loan included in the portfolio
• inserted Article 11 - Information about risk mitigation measures
• inserted Article 12 - Information on defaults on credit agreements by the project owner
• inserted Article 13 - Information on fees paid in respect of the loan by the investor, the crowdfunding service provider or the project owner
• inserted Article 14 - Information on the valuation of the loan

Outside any heading

• inserted Recital 1
• inserted Recital 2
• inserted Recital 3
• inserted Recital 4
• inserted Recital 5
• inserted Recital 6
• inserted Recital 7
• inserted Recital 8
• inserted Preamble

Chapter IV

• inserted Article 15 - General requirements
• inserted Article 16 - Organisational arrangements
• inserted Article 17 - Governance policy
• inserted Article 18 - Funding policy
• inserted Article 19 - Disbursement policy
• inserted Article 20 - Business continuity policy
• inserted Article 21 - Transparency and disclosure to investors
• inserted Article 22 - Entry into force