1.   Within the risk-management framework, crowdfunding service providers shall establish clear and well-documented processes for approving crowdfunding projects to be proposed to investors.

2.   The processes established in accordance with paragraph 1 shall set out the responsibilities of the relevant role and functions within the organisational structure of the crowdfunding service provider.

3.   Crowdfunding service providers shall ensure that members of staff that can approve projects to be proposed to investors are adequately trained and have relevant expertise and seniority in relation to the specific powers delegated to them.