+Article 11 1

Article 11 1

1.   Crowdfunding service providers shall, at all times, have in place prudential safeguards equal to an amount of at least the higher of the following:

(a)

EUR 25 000; and

(b)

one quarter of the fixed overheads of the preceding year, reviewed annually, which are to include the cost of servicing loans for three months where the crowdfunding service provider also facilitates the granting of loans.

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards