ESMA · ESMA_QA_806 Answer Published
General provisions
- Regulation
- Regulation 2020/1503 - European crowdfunding service providers for business
- Topic
- Control functions (Compliance, Risk and Audit)
- Submitted
- 2022-09-23
- Answered
- 2022-09-23
Question
Can crowdfunding services and investment services and activities provided in accordance with MiFID II be provided by means of the same internet-based information system?
Answer
Yes, provided that the distinction between crowdfunding services and MiFID II investment services and activities is very clear to the client at any moment, including with regards to the regulatory framework applicable to such services or activities. In practice, this should mean two separate areas: one for crowdfunding services and one for services and activities provided in accordance with MiFID II. This does not preclude the use of a single sign-on (SSO) authentication to access both those areas.
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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