Summary
This proposal aims to clarify the regulation of crowdfunding service providers by excluding them from existing financial instrument directives to avoid double regulation. It also calls for a review of how virtual currencies are treated within financial markets. 10 20.10.2020
Other
finance
economy
business and competition
information technology and data processing
Key points
- Excluding crowdfunding service providers from existing financial instrument directives to prevent regulatory overlap.
- Supporting SMEs and start-ups by providing alternative access to finance through regulated crowdfunding platforms.
- Strengthening the Capital Markets Union by diversifying the financial system away from heavy bank dependency.
- Monitoring virtual currencies to improve market transparency and protect retail investors from potential abuse.
Documents (PDFs)
RECOMMENDATION FOR SECOND READING on the Council position at first reading with a view to the adoption of a directive of the European Parliament and of the Council amending Directive 2014/65/EU on markets in financial instruments
REPORT on the proposal for a directive of the European Parliament and of the Council amending Directive 2014/65/EU on markets in financial instruments
Markets in financial instruments: crowdfunding service providers ***I
Markets in financial instruments ***II
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