+Article 20 1
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Article 20 1
1. Crowdfunding service providers which provide crowdfunding services consisting of the facilitation of granting of loans shall:
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(a)
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disclose annually the default rates of the crowdfunding projects offered on their crowdfunding platform over at least the preceding 36 months; and
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(b)
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publish an outcome statement within four months of the end of each financial year indicating, as applicable:
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(i)
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the expected and actual default rate of all loans the crowdfunding service provider has facilitated, by risk category and by reference to the risk categories set out in the risk-management framework;
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(ii)
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a summary of the assumptions used in determining expected default rates; and
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(iii)
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where the crowdfunding service provider offered a target rate in relation to individual portfolio management of loans, the actual return achieved.
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1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
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Requirement |
- Builddate: 20.10.2020 00:00:00 -Doknr: CELEX:32020R1503
- EULAW -
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