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new Act on the Provision of Crowdfunding Services (203/2022) was adopted and the national Crowdfunding Act (734/2016) repealed on 1 April 2022.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
The Act on the Provision of Crowdfunding Services
EBA and ESMA draft regulatory technical standards