Regulatory Alerts2017-12-22
Recommendation 2017-R-02 of 22 December 2017 on the wind-down management of crowdfunding intermediaries
The ACPR issues Recommendation 2017-R-02 to define best practices for crowdfunding intermediaries (IFPs) regarding the wind-down management of their activities. The document requires IFPs to map key processes, establish robust contracts with Payment Service Providers (PSPs), and conduct technical tests to ensure operational continuity if the platform ceases activity. It further mandates clear, prior information for lenders and borrowers about wind-down procedures and the specific roles and responsibilities of third-party service providers.
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