ΠΕΡΙΓΡΑΦΗ

The programme aims at providing participants with a clear understanding of what crowdfunding is, as well as the types of actors involved in the provision of crowdfunding services. The programme shall focus on the provisions of the current regulation in place, and also examine how such providers are treated under CySEC. 

Furthermore, the programme will cover the regulatory requirements as well as the specifics behind crowdfunding, the types and services covered under the current EU regulation as well as the specifics around the establishment of such providers covering areas around operation and authorisations.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

By the end of the programme, participants will be able to:

• Describe what crowdfunding is and what this activity entails.
• List the types of crowdfunding service providers and what these can do.
• Identify the current regulatory framework in place and understand how these are interconnected.
• Understand the approach of CySEC in relation to the established and operation of crowdfunding service providers.
• Describe the operational requirements and authorisation process.
• Explain the risks faced by crowdfunding service providers.
• Explain how investor protection rules apply and the distinction between the two types of investors.
• Explain how a Key Investment Information Sheet is drafted.
• Show how an application for authorisation of crowdfunding service provider is prepared and submitted with CySEC.
• Analyse the legal and regulatory background in EU and CY
• Analyse the prudential requirements crowdfunding service providers.
• Evaluate the requirements regarding marketing communications and cross boarder notifications.
• Justify how and when crowdfunding service providers must notify the regulator when they intend to provide services not covered by the regulation.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

The programme is ideal for:

• Compliance and Risk Officers
• External Auditors, Lawyers and Financial Consultants
• Finance and Investment professionals
• Any professional who needs to attain a better understanding of Crowdfunding

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Training Outline 

Introduction and Overview of the EU Crowdfunding Regulation

• Background: what is Crowdfunding?
• Regulatory context
• Key objectives of the current EU regulation
• Who does it affect?

Crowdfunding Service Providers

• Crowdfunding services
• Prudential requirements
• Outsourcing, Complaints Handling and Conflicts of interest
• Investor Protection and definition
• Cross Boarder Notifications and Marketing Communications
• Risk Management
• Due Diligence Process
• Platforms and Technology
• Crowdfunding models and strategy

Case study and discussion: Risk Assessment and Mitigation for Crowdfunding Platforms

Authorization of Crowdfunding Service Providers

• Authorisation process and requirements as per EU regulation
• Authorisation process and expectations as per CySEC
• Ongoing notification and relevant forms
• Charges and annual fees

Navigating Crowdfunding Authorization: A Regulatory Case Study – practice, discussion.

Key Investment Information Sheet

• Requirements on what a KIIS must contain
• KIIS officially accepted language
• Ex -ante notification

Training Style 

The programme has a practical delivery style with presentations, case studies, practical exercises, and direct-action points that will help participants apply the knowledge learned to keep their organisation compliant and the employees and customers safe.

CPD Recognition 

This programme may be approved for up to 10 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.