Support for Crowdfunding (Communication)
The EU Commission wants to promote financing by way of crowdfunding.
Crowdfunding promotes both competition on the funding market and innovations in all areas of the economy. Clarity about the legislative provisions applicable to crowdfunding is therefore necessary. Due to the cross-border nature of the internet, harmonised EU legislation must follow. Above a specified minimum investment sum or level of complexity, crowdfunding platforms should have to keep minutes of meetings, hand out prospectuses and provide objective and comprehensible information about the investment on their website, as well as being liable in this regard for obvious errors.