ESMA · ESMA_QA_2047 Answer Published

Scope of exemption in Article 1(2)

Name: Scope of exemption in Article 1(2): ESMA Q&A — EU Financial Regulatory Q&A
Creator: European Securities and Markets Authority
License: https://creativecommons.org/licenses/by/4.0/

Regulation: Regulation 2020/1503 - European crowdfunding service providers for business
Topic: Appropriateness
Submitted: 2023-12-18
Answered: 2023-12-18

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Question

What should the starting day of the 12-month period referred to in point (c) of Article 1(2) of the ECSPR be?

Answer

The total consideration of offers by the same project owner referred to in point (i) and (ii) of point (c) of Article 1(2) of the ECSPR shall be calculated taking into account the total consideration of offers that have been made in the 12 months preceding the date of launch of the crowdfunding offer.

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This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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