Regulatory Alerts2025-09-15
Step-by-Step Plan for Crowdfunding Platforms: Improve Quality and Increase Investor Trust
The Dutch Authority for the Financial Markets (AFM) issued this step-by-step plan in July 2025 to help crowdfunding platforms comply with the European Crowdfunding Service Providers Regulation (ECSPR) and enhance investor protection. The document outlines six key operational areas: information disclosure, admission knowledge tests, loss capacity simulations, conflict of interest policies, business continuity plans, and ICT risk management. It mandates specific actions such as providing clear risk warnings, conducting comprehensive suitability assessments for non-experienced investors, and implementing robust governance frameworks for data security.
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