Crowdfunding Regulation: Major Reform in the EU, No Change in the UK | Skadden, Arps, Slate, Meagher & Flom LLP
Scope and Territorial Considerations The Regulation applies to the provision of crowdfunding services that consist of matching the business funding interests of investors and project owners through a platform and involve either loans or the placing of equity or debt instruments by the project owner or a special purpose vehicle (SPV). 3 A “loan” is defined to include only those arrangements in which a defined amount of money is made available to a project for an agreed period of time and where repayment is made in accordance with an instalment payment schedule. Alternative or innovative lo...
Source: jdsupra.com