Updated 18/09/2024
In force

Initial Legal Act
Amendments
Search within this legal act

Article 3 - Disclosures regarding the general nature and source of conflicts of interest and mitigation steps

Article 3

Disclosures regarding the general nature and source of conflicts of interest and mitigation steps

1.   Crowdfunding service providers shall publish and update the information referred to in Article 8(5) of Regulation (EU) 2020/1503 on their website on a place that is easily accessible for clients. Crowdfunding service provider shall disclose that information to clients on a durable medium, unless no conflict of interest has been identified in accordance with Article 8(4) of Regulation (EU) 2020/1503, and shall update that information where relevant.

2.   The disclosure referred to in paragraph 1 shall contain a specific and clear description of the conflicts of interest and associated risks identified in the context of a given service, taking into account the nature of the clients to whom the disclosure is being made, in particular their qualification as sophisticated or non-sophisticated prospective investors.