5 Amendments of Eva KAILI related to 2018/0047(COD)
Amendment 2 #
Proposal for a directive
Recital 1
Recital 1
(1) Crowdfunding provides alternative access to finance for businesses, especially for start-ups both in their initial and scale-up stage, as well as for small and medium enterprises, thereby contributing to the objectives of the Capital Markets Union (CMU).
Amendment 3 #
Proposal for a directive
Recital 1 a (new)
Recital 1 a (new)
(1 a) Crowdfunding is able to mobilise idle capital to projects mainly related to innovative sectors that are considered as riskier investments and to accelerate the allocation of resources in entrepreneurial ventures that do not have access to other types of financial intermediation.
Amendment 4 #
Proposal for a directive
Recital 1 b (new)
Recital 1 b (new)
(1 b) Crowdfunding is an innovative asset class that allows retail investors to achieve diversification of financial risks at the microeconomic level, whereas at the macroeconomic level it allows financial market to undertake higher risks of entrepreneurial finance without at the same time a proportional increase of the systemic and concentration risk.
Amendment 5 #
Proposal for a directive
Recital 1 c (new)
Recital 1 c (new)
(1 c) Crowdfunding provides diversification opportunities to mitigate the idiosyncratic risk of the firms. However, since market risk is not easily hedged by the retail investors they should be made aware of the financial risks that crowdfunding investments entail.
Amendment 6 #
Proposal for a directive
Recital 3
Recital 3
(3) Regulation (EU) XXX/XXXX [Regulation on European crowdfunding service providers] provides for uniform, harmonised, proportionate and directly applicable requirements for authorisation and supervision of crowdfunding service providers and centralises supervision of those crowdfunding service providers by the European Securities and Markets Authority.