+Article 20 1

Article 20 1

1.   Crowdfunding service providers which provide crowdfunding services consisting of the facilitation of granting of loans shall:

(a)

disclose annually the default rates of the crowdfunding projects offered on their crowdfunding platform over at least the preceding 36 months; and

(b)

publish an outcome statement within four months of the end of each financial year indicating, as applicable:

(i)

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;

(ii)

a summary of the assumptions used in determining expected default rates; and

(iii)

where the crowdfunding service provider offered a target rate in relation to individual portfolio management of loans, the actual return achieved.

1. Ħarsa ġenerali

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Titlu Regolamentazzjoni

1.1 Referenzi

1.2 Rekwiżiti identifikati

1.3 Standards relatati

2. Rekwiżiti identifikati

Rekwiżiti
Sors Rekwiżit

3. Standards relatati

Standards
Sors Rekwiżit