critical services

Definitions over time (1)

28/11/2022 – today applies on 12/11/2026 Article 1, Commission Delegated Regulation (EU) 2022/2116 Scope: Whole act

For the purpose of this Regulation, the following definitions apply:

‘critical services’ means operational and business services whose defect or default in their performance would materially impair the continuing compliance of a crowdfunding service provider with Regulation (EU) 2020/1503, or its financial performance, or the soundness or the continuity of its crowdfunding services and activities, notably vis-à-vis its clients;