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🔗 Back to Summary. 🇫🇷 French Version: 2022R2119_FR.4. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 3 – Identifier of the crowdfunding offer ⬅️ | ➡️ Article 5 – Use of hyperlinks in the key investment information sheet model
Article 4 - Choice of terms in the key investment information sheet model
Where the key investment information sheet model laid down in the Annex enables a choice of terms or expressions, such choice shall be made as follows:
(a)
the expressions ‘target capital’ or ‘capital raising’ shall be used for crowdfunding offers relating to equity transferable securities or admitted instruments for crowdfunding purposes;
(b)
the expressions ‘target funds’ or ‘funds borrowing’ shall be used for crowdfunding offers relating to loans, non-equity transferable securities or hybrid instruments;
(c)
the terms ‘transferable securities’ or ‘admitted instruments for crowdfunding purposes’ shall be used in accordance with the type of instruments offered.