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Commission Delegated Regulation (EU) 2022/2118 CHAPTER I — General provisions

Article 1–Article 2 · 2 articles

Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Accuracy and reliability of information to be provided to investors

Article 1

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1. Crowdfunding service providers shall ensure that the information provided to investors pursuant to Article 6(2) and (4) of Regulation (EU) 2020/1503 is accurate, reliable and kept regularly updated. 2. For the purposes of paragraph 1, crowdfunding service providers shall ensure that: (a) the data used to conduct the assessments of creditworthiness referred to in Chapter II of this Regulation are consistent, complete and appropriate; (b) the measurement techniques are appropriate to the complexity and level of the risks underlying the single crowdfunding projects and/or the portfolios, are based on reliable data, and are subject to periodic validation; and (c) the procedures relating to data management are robust well documented, reliable and regularly updated.

Format of the information to be disclosed

Article 2

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1. For the purposes of Chapter II, the information provided to investors shall be easily available in a dedicated section of the crowdfunding service provider’s website that is clearly distinguishable from marketing communications. 2. For the purposes of Chapter III, the information provided to individual investors on their portfolio of loans shall be made available on a secure page of the crowdfunding service provider’s website that shall be accessible via an adequate means of personal identification. 3. The information referred to in paragraphs 1 and 2 shall be presented in a way that is easy to read and expressed in a manner and using language that facilitates its understanding. Where ordinary words can be used, technical terms shall be avoided and, when used, they shall be explained.

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