+Article 11 2

Article 11 2

2.   The prudential safeguards referred to in paragraph 1 of this Article shall take one of the following forms:

(a)

own funds, consisting of Common Equity Tier 1 items referred to in Articles 26 to 30 of Regulation (EU) No 575/2013 of the European Parliament and of the Council (20) after the deductions in full, pursuant to Article 36 of that Regulation, without the application of threshold exemptions pursuant to Articles 46 and 48 of that Regulation;

(b)

an insurance policy covering the territories of the Union where crowdfunding offers are actively marketed or a comparable guarantee; or

(c)

a combination of points (a) and (b).

1. Overview

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1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards