The Chamber of Deputies voted on Wednesday, as a decision-making chamber, the draft law establishing measures for the implementation of Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers. and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937. The law regulates the creation and administration of crowdfunding platforms, with the help of which businesses and investments can be financed.

“At first glance, the title of the law brings to mind something complicated, of interest only to those who know what the DOW index means, to read a balance sheet or to those who know what a brownfield project means. But I want to assure you that this is something exciting and interesting for many of us. This law will open up opportunities for us, which I hope we will take full advantage of. Because we will be able to invest in projects, in order to later have a benefit that we can now only dream of. With this law, we finally have a regulation for crowdfunding campaigns. In our project we talk about crowdfunding as an innovative formula for attracting investments through mechanisms that are certainly faster and less bureaucratic than those of the state. And through financial education, another cause dear to me for which I have consumed and will consume a lot of energy, we will be able to identify those projects in which to invest in order to have a profit. It is important to know how to use the financial resources we have to multiply them. And no, it’s not a miracle, like the multiplication of bread and fish, but about the smarter use of that money, many or few, that we have now. We only need to have an open mind because we now have predictable legal instruments that will keep us away from risks “, PNL deputy George Tuţă declared on Wednesday, according to a press release.

Crowdfunding is a type of activity in which a crowdfunding service provider, without taking risks, manages a digital platform, open to the public, to connect or facilitate the connection of potential investors. or lenders with the business environment seeking financing. Such financing could consist of loans, the purchase of real estate or other instruments allowed for participatory financing.

The law promotes cross-border crowdfunding services, in order to facilitate the access of crowdfunding platforms to the entire internal market of the European Union, through a single authorization based on a single set of rules.

The European Regulation establishes uniform requirements for the provision of crowdfunding services at European Union level regarding the organization, authorization and supervision of crowdfunding service providers, the operation of crowdfunding platforms, as well as transparency and related advertising communications. with the provision of participatory financing services in the Union.

Editor: BP

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