On 24 November, Taylor Wessing published this article saying that the EU Regulation on European Crowdfunding Service Providers (ECSPR) came into operation on 10 November after more than 2 years of long and intense discussions between EU lawmakers. In this first part of a publication the firm analyses the scope of application of the ECSPR and the authorisation requirement that prospective CSP will need to fulfil under the new regime. The second part will analyse the investor protection requirements that the prospective CSP will need to comply with as well as the impact of the ECSPR on national regulatory framework in Germany.
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