Contents
- 1. A legal person who intends to provide crowdfunding service…
- 10. The competent authority shall notify the prospective crowd…
- 11. A crowdfunding service provider authorised in accordance w…
- 12. Member States shall not require crowdfunding service provi…
- 13. Crowdfunding service providers authorised under this Regul…
- 14. Where an entity authorised pursuant to Directive 2009/110/…
- 15. Where a prospective crowdfunding service provider also see…
- 16. ESMA shall develop draft regulatory technical standards to…
- 2. The application referred to in paragraph 1 shall contain a…
- 3. For the purposes of point (l) of paragraph 2, prospective…
- 4. The competent authority shall, within 25 working days of r…
- 5. Where an application referred to in paragraph 1 remains in…
- 6. Where an application referred to in paragraph 1 is complet…
- 7. Before adopting a decision granting or refusing to grant a…
- 8. The competent authority shall, within three months from th…
- 9. The competent authority shall inform ESMA of all authorisa…
8.The competent authority shall, within three months from the date of receipt of a complete application, assess whether the prospective crowdfunding service provider complies with the requirements set out in this Regulation and shall adopt a fully reasoned decision granting or refusing to grant authorisation as a crowdfunding service provider. That assessment shall take into account the nature, scale and complexity of the crowdfunding services that the prospective crowdfunding service provider intends to provide. The competent authority may refuse authorisation if there are objective and demonstrable grounds for believing that the management body of the prospective crowdfunding service provider could pose a threat to its effective, sound and prudent management and business continuity, and to the adequate consideration of the interest of its clients and the integrity of the market.
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