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🔗 Back to Summary. 🇫🇷 French Version: 2024R0358_FR.9. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 8 – Information to be considered in assessing of the business model and strategy of crowdfunding projects or project owners ⬅️ | ➡️ Article 10 – Information on funded credit protection
Article 9 - Information on credit protection arrangements
1.
When a loan granted to a project owner is secured by credit protection arrangements, crowdfunding service providers shall take all reasonable steps to gather information on:
(a)
the accuracy of the valuation of the collateral and guarantees;
(b)
the effectiveness and enforceability of the collateral and guarantees.
2.
Crowdfunding service providers shall regularly assess and monitor the value of collateral and guarantees, and take appropriate action if the value of collateral materially decreases.