Regulation

The EU Crowdfunding Regulation ((EU) 2020/1503) is applicable to the provision of investment- and lending-based crowdfunding services from 10 November 2021.

A Government proposal (HE 228/2021 vp) for legislation supplementing the EU Crowdfunding Regulation was submitted to Parliament on 2 December 2021. The new Act on the Provision of Crowdfunding Services (203/2022) was adopted and the national Crowdfunding Act (734/2016) repealed on 1 April 2022. In the future, providing investment- and lending-based crowdfunding services will always be subject to authorisation.

Legislation on crowdfunding service providers

National legislation
The Act on the Provision of Crowdfunding Services

EU regulation
EU Crowdfunding Regulation ((EU) 2020/1503)
Draft technical standards published by ESMA

ESMA Q&A
Q&A published by ESMA on the EU Crowdfunding Regulation

EBA and ESMA draft regulatory technical standards

ESMA Final report

EBA Final report