The European Securities and Markets Authority has published or updated Questions and Answers (Q&As) addressing supervisory expectations under the European Crowdfunding Service Providers for Business Regulation (ECSPR) and the Markets in Crypto-Assets Regulation (MiCA). Under ECSPR, the updates cover disclosure obligations for bulletin boards under Article 25(3)(b) and the assessment of which entity should be treated as the project owner. Under MiCA, the Q&As address the interaction between a registered alternative investment fund manager (AIFM) and MiCA, and provide guidance related to autotrading.
European Securities and Markets Authority 2025-04-11
European Securities and Markets Authority updates Q&As on ECSPR crowdfunding obligations and MiCA topics
The European Securities and Markets Authority has updated its Q&As on the European Crowdfunding Service Providers for Business Regulation and the Markets in Crypto-Assets Regulation. The updates clarify disclosure obligations for bulletin boards and project owner assessments under ECSPR, and address interactions between registered alternative investment fund managers and MiCA, including guidance on autotrading.