1.   For the information to clients as referred to in Article 19 of Regulation (EU) 2020/1503, crowdfunding service providers shall have in place an adequate governance framework and shall have a written description thereof.

2.   For the purposes of paragraph 1, crowdfunding service providers shall ensure all of the following:

(a)	that all information provided to clients is complete and updated;

(b)	that internal governance arrangements, processes and mechanisms for disclosing information to clients are proportionate to the size and complexity of the crowdfunding service provider.

3.   Crowdfunding service providers shall ensure that all quantitative disclosures to clients are accompanied by a qualitative narrative and other supplementary information that may be necessary for clients to gain a full understanding of the quantitative disclosures.