Fundamental Principles Strengthening the EU Regulatory Framework on Financial Return Crowdfunding

This book covers a gap in legal literature, offering critical reflections
on the «European Crowdfunding Service Providers for Business» Regulation
(ECSPR). The analysis approaches issues of financial stability,
market adaptation and protection of all parties in Financial Return
(FR) crowdfunding transactions (crowdfunders, issuers and service
providers) from an international and European point of view.
The first part of the study introduces the regulatory framework surrounding
FR-crowdfunding. It proposes a theory of three fundamental
EU principles of financial regulation which govern the regulation,
supervision and enforcement of FR-crowdfunding.
The second part of the study applies the fundamental principles introduced
in Part I to support the strengthening of the ECSPR, the implementation
of complementary FR-crowdfunding models and the
enhancement of macro-prudential supervision at the EU level in cases
of rescuing and restructuring state aid.