Products Coverage Library Evals FAQ About Contact us Log In Get access

Regulation (EU) 2020/1503

Preamble
Recitals 79
Chapter I - General provisions (Article 1-2) 2
Chapter II - Provision of crowdfunding services and organisational and operational requirements of crowdfunding service providers (Article 3-11) 9
Chapter III - Authorisation and supervision of crowdfunding service providers (Article 12-18) 7
Chapter IV - Investor protection (Article 19-26) 8
Chapter V - Marketing communications (Article 27-28) 2
Chapter VI - Competent authorities and esma (Article 29-38) 10
Chapter VII - Administrative penalties and other administrative measures (Article 39-43) 5
Chapter VIII - Delegated acts (Article 44) 1
Chapter IX - Final provisions (Article 45-51) 7
Annexes 2
- Annex I
- Annex II

crowdfunding service

Defined in Article 2, Regulation (EU) 2020/1503

Definitions over time (1)

09/11/2020 – today applies on 12/11/2026 Article 2, Regulation (EU) 2020/1503 Scope: Whole act

1. For the purposes of this Regulation, the following definitions apply:

‘crowdfunding service’ means the matching of business funding interests of investors and project owners through the use of a crowdfunding platform and which consists of any of the following activities:(i)the facilitation of granting of loans;(ii)the placing without a firm commitment basis, as referred to in point (7) of Section A of Annex I to Directive 2014/65/EU, of transferable securities and admitted instruments for crowdfunding purposes issued by project owners or a special purpose vehicle, and the reception and transmission of client orders, as referred to in point (1) of that Section, in relation to those transferable securities and admitted instruments for crowdfunding purposes;

Used in (471 places in 95 provisions on 12/11/2026)

Regulation (EU) 2020/1503 (471 in 95)

Recital 1 · Recital 2² · Recital 6⁵ · Recital 7² · Recital 8² · Recital 9 · Recital 10⁴ · Recital 11³ · Recital 12 · Recital 13 · Recital 15 · Recital 18² · Recital 19⁴ · Recital 20 · Recital 23² · Recital 24² · Recital 25³ · Recital 26⁴ · Recital 27⁵ · Recital 28 · Recital 29⁴ · Recital 30³ · Recital 31² · Recital 32⁴ · Recital 33² · Recital 34 · Recital 35 · Recital 36² · Recital 37³ · Recital 38² · Recital 39² · Recital 40² · Recital 41 · Recital 43³ · Recital 44 · Recital 45² · Recital 47 · Recital 49³ · Recital 50 · Recital 51² · Recital 52 · Recital 53³ · Recital 54 · Recital 55⁵ · Recital 56 · Recital 57 · Recital 58² · Recital 60 · Recital 69 · Recital 71 · Recital 72 · Recital 74 · Recital 75 · Recital 76⁵ · Recital 77 · Preamble · Article 1⁸ · Article 2¹² · Article 3⁹ · Article 4¹⁵ · Article 5² · Article 6¹⁵ · Article 7⁴ · Article 8¹¹ · Article 9⁴ · Article 10⁸ · Article 11¹⁰ · Article 12⁵⁹ · Article 13⁵ · Article 14¹⁰ · Article 15⁵ · Article 16 · Article 17¹¹ · Article 18¹³ · Article 19¹⁰ · Article 20⁷ · Article 21¹⁴ · Article 22⁶ · Article 23¹⁹ · Article 24¹¹ · Article 25⁶ · Article 26² · Article 27³ · Article 28⁵ · Article 30²⁵ · Article 33 · Article 37⁷ · Article 38 · Article 39 · Article 45¹³ · Article 46 · Article 47 · Article 48⁵ · Annex I⁵ · Annex II¹⁰