On February 26, 2015, the EBA published its opinion on lending-based crowdfunding, recommending that the applicability of existing EU law to the activity be clarified. The EBA considers that such clarification is necessary to avoid regulatory arbitrage across the EU and to ensure a level playing field as EU Member States have adopted different approaches to regulating lending-based crowdfunding. The opinion is addressed to the European Commission, the European Parliament and the EU Council.
The EBA opinion is available at: http://www.eba.europa.eu/documents/10180/983359/EBAOp201503+%28EBA+Opinion+on+lending+based+Crowdfunding%29.pdf .
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