Crowdfunding in the European Union

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Tuairimí a glacadh on 09/07/2014
Reference
INT/741-EESC-2014-02102-00-00-AC-TRA
Opinion Type
Referral
Referral
COM(2014) 172 final
Official Journal
OJ C 451, 16.12.2014, p. 69
Rapporteur
Mr Juan Mendoza Catro
Workers - GR II
Spain
Plenary session number
500
-
SMEs
Financial Crisis
Financial markets
Download — EESC opinion: Crowdfunding in the European Union
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Key points:

The EESC considers that:

  • crowdfunding with non-financial returns is widespread in the EU. The impact of tax incentives, which vary among the Member States, should be studied,
  • European legislation should only cover specific types of financial return crowdfunding, and not donations and other forms of non-profit sponsoring,
  • these rules should be based on achieving balance, protecting investors and avoiding excessive regulation,
  • the rules should seek to achieve simple administrative procedures, rapid decision procedures and minimum costs, as well as neutrality, transparency and avoidance of unfair practices, with accessible claims procedures,

Crowdfunding should be explicitly recognised in the laws of the Member States as a new form of patronage.

 

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