Chapter II, Article 6, Paragraph 1. · Commission Delegated Regulation (EU) 2022/2118

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1. For the purposes of Article 6(2), third subparagraph, of R…
2. When automated models are used as part of the method for t…

1.For the purposes of Article 6(2), third subparagraph, of Regulation (EU) 2020/1503, crowdfunding service providers shall provide adequate information on the models included in the method used for the credit risk assessment of crowdfunding projects, for the assessment of the creditworthiness of project owners, for the credit approval and monitoring processes, and for the composition of portfolios, including all of the following:

(a)the source of the data used as input for the models;

(b)the framework employed to ensure the quality of the input data;

(c)the existence of appropriate governance arrangements for the design and use of such models;

(d)the framework to ensure that the quality of the model output is regularly assessed and validated, and where appropriate, reviewed.

Commission Delegated Regulation (EU) 2022/2118

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