ESMA_QA_2047
18/12/2023
Subject Matter
Scope of exemption in Article 1(2)
Original question
What should the starting day of the 12-month period referred to in point (c) of Article 1(2) of
the ECSPR be?
the ECSPR be?
ESMA Answer
18-12-2023
Original language
The total consideration of offers by the same project owner referred to in point (i) and (ii) of point (c) of Article 1(2) of the ECSPR shall be calculated taking into account the total consideration of offers that have been made in the 12 months preceding the date of launch of the crowdfunding offer.
Status: Answer Published
Additional Information
Level 1 Regulation
Regulation 2020/1503 - European crowdfunding service providers for business
Topic
Appropriateness