Reliability of the information requested in accordance with Article 21(2) of Regulation (EU) 2020/1503
Article 3
1. Crowdfunding service providers shall take reasonable steps to ensure that the information collected from prospective non-sophisticated investors in accordance with Article 21(2) of Regulation (EU) 2020/1503 is reliable and reflects accurately prospective non-sophisticated investors’ knowledge, skills, experience and financial situation, investment objectives and basic understanding of the risks involved. 2. For the purposes of paragraph 1, crowdfunding service providers shall take the following steps: (a) inform prospective non-sophisticated investors on the importance of providing accurate and up-to-date information; (b) ensure that the means used to collect information are suitable for the aims of those prospective non-sophisticated investors and appropriately designed for use by those prospective non-sophisticated investors; (c) ensure that questions used in are likely to be understood by prospective non-sophisticated investors and precise enough to collect information reflecting adequately and accurately the situation of prospective non-sophisticated investors.