Article 9 | Delegated Regulation 2024/358

Article 9 - Information on credit protection arrangements

Article 9

Information on credit protection arrangements

1. When a loan granted to a project owner is secured by credit protection arrangements, crowdfunding service providers shall take all reasonable steps to gather information on:

(a)	the accuracy of the valuation of the collateral and guarantees;

(b)	the effectiveness and enforceability of the collateral and guarantees.

2. Crowdfunding service providers shall regularly assess and monitor the value of collateral and guarantees, and take appropriate action if the value of collateral materially decreases.

CHAPTER I - DESCRIPTION OF THE METHOD USED TO CALCULATE CREDIT SCORES FOR CROWDFUNDING PROJECTS AND PRICES OF CROWDFUNDING OFFERS (Article 1-3)

CHAPTER II - CREDIT RISK ASSESSMENT AND LOAN VALUATION (Article 4-13)Article 4 - Approaches and information for credit risk assessment and loan valuation Article 5 - General requirements for credit risk assessments of crowdfunding projects or project owners Article 6 - Information to be considered in the credit risk assessments of crowdfunding projects or project owners Article 7 - Factors to be considered in assessing the financial situation of the project owner or of the crowdfunding project Article 8 - Information to be considered in assessing of the business model and strategy of crowdfunding projects or project owners Article 9 - Information on credit protection arrangements Article 10 - Information on funded credit protection Article 11 - Information on unfunded credit protection Article 12 - Accounting information Article 13 - Information to be considered for loan valuation

CHAPTER III - FAIR AND APPROPRIATE PRICING OF LOANS (Article 14)

CHAPTER IV - POLICIES AND PROCEDURES TO ENSURE SUFFICIENT INFORMATION FOR CLIENTS AND TO ENABLE CREDIT RISK ASSESSMENTS, LOAN VALUATION AND PRICING (Article 15-23)

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Article 9 - Information on credit protection arrangements

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