# ECSPR: European Crowdfunding Service Providers Regulation Source page: https://protegra.io/licensing/laws/eu-ecspr-2020-1503/ The ECSPR, Regulation (EU) 2020/1503, is the EU licence for business crowdfunding platforms offering loans or securities for projects of up to EUR 5 million a year per project owner. An authorised crowdfunding service provider needs prudential safeguards of at least EUR 25,000 and can passport its platform across the EU. ## At a glance | Official title | Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business [1] | | --- | --- | | English title | European Crowdfunding Service Providers Regulation | | Citation | Regulation (EU) 2020/1503 | | Jurisdiction | European Union (applies in every EU/EEA state) | | Type | regulation | | Adopted | 2020-10-07 | | In force from | 2020-11-09 | | Status | In force; applies from 10 November 2021 (transitional period ended 10 November 2023) | ## Full text **Official full text:** [European Crowdfunding Service Providers Regulation (PDF, en)](https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32020R1503) [1] · 857 KB · file checked 2026-09-24 Official page: [eur-lex.europa.eu](https://eur-lex.europa.eu/eli/reg/2020/1503/oj) [1] ## Summary The ECSPR creates a single EU licence for platforms that match businesses seeking funding with investors, through loans or transferable securities, for offers of up to EUR 5 million per project owner over 12 months. Authorised crowdfunding service providers must meet prudential, governance and investor-protection requirements, including a key investment information sheet and an entry knowledge test for non-sophisticated investors, and can passport their services across the EU. Summary written by the Atlas from the official text; the law itself prevails. ## Main articles - **Art. 1**: Scope: offers up to EUR 5 million per project owner over 12 months. - **Art. 11**: Prudential safeguards: the higher of EUR 25,000 and a quarter of fixed overheads. - **Art. 12**: Authorisation as a crowdfunding service provider. - **Art. 18**: Cross-border provision of crowdfunding services. - **Art. 23**: Key investment information sheet. ## Licences it governs - [FM · CyprusAlternative Investment Fund Manager (AIFM) authorisationCySEC](https://protegra.io/licensing/licences/fund-manager/cyprus-aifm/) - [FM · CyprusSub-threshold Alternative Investment Fund Manager registrationCySEC](https://protegra.io/licensing/licences/fund-manager/cyprus-sub-aifm/) - [FM · CyprusUCITS Management Company authorisationCySEC](https://protegra.io/licensing/licences/fund-manager/cyprus-ucits/) - [FM · Czech RepublicSub-threshold Alternative Investment Fund Manager registration pursuant to Section 15 of AMCIF (zápis osoby provádějící správu majetku srovnatelnou s obhospodařováním podle § 15 ZISIF)CNB](https://protegra.io/licensing/licences/fund-manager/czech-republic-registered-15/) - [FM · Czech RepublicInvestment Company / Fund Manager licence (povolení k činnosti investiční společnosti)CNB](https://protegra.io/licensing/licences/fund-manager/czech-republic/) - [FM · EstoniaSmall fund manager registration without activity licenceFI](https://protegra.io/licensing/licences/fund-manager/estonia-small/) - [FM · EstoniaOperating licence as a fund management companyFI](https://protegra.io/licensing/licences/fund-manager/estonia/) - [FM · SpainSociedad Gestora de Instituciones de Inversión Colectiva (SGIIC) licenceCNMV](https://protegra.io/licensing/licences/fund-manager/spain-sgiic/) - [FM · FranceSociété de gestion de portefeuille (SGP) / Portfolio management company authorisationAMF](https://protegra.io/licensing/licences/fund-manager/france-sgp/) - [FM · IrelandAlternative Investment Fund Manager (AIFM) Authorisation/RegistrationCBI](https://protegra.io/licensing/licences/fund-manager/ireland-aifm/) - [FM · IrelandUCITS Management Company AuthorisationCBI](https://protegra.io/licensing/licences/fund-manager/ireland-ucits/) - [FM · LuxembourgAlternative investment fund manager (AIFM) authorisationCSSF](https://protegra.io/licensing/licences/fund-manager/luxembourg-aifm/) - [FM · LuxembourgManagement company authorised under Chapter 15 of the Law of 17 December 2010CSSF](https://protegra.io/licensing/licences/fund-manager/luxembourg-ucits/) - [FM · NetherlandsAlternative Investment Fund Manager (AIFM) licence under Wft Article 2:65 and Directive 2011/61/EUAFM](https://protegra.io/licensing/licences/fund-manager/netherlands-aifm/) - [FM · NetherlandsUndertakings for Collective Investment in Transferable Securities (UCITS / ICBE) registration under Wft and Directive 2009/65/ECAFM](https://protegra.io/licensing/licences/fund-manager/netherlands-ucits/) - [FM · PolandInvestment Fund Company licence (towarzystwo funduszy inwestycyjnych - TFI)KNF](https://protegra.io/licensing/licences/fund-manager/poland-tfi/) - [FM · PolandAlternative Investment Company Manager registration / licence (zarządzający alternatywną spółką inwestycyjną - ZASI)KNF](https://protegra.io/licensing/licences/fund-manager/poland-zasi/) - [Credit · CyprusEuropean Crowdfunding Service Provider authorisationCySEC](https://protegra.io/licensing/licences/lending/cyprus-crowdfunding/) - [Credit · Czech RepublicNon-bank Consumer Credit Provider licence (oprávnění k činnosti nebankovního poskytovatele spotřebitelského úvěru)CNB](https://protegra.io/licensing/licences/lending/czech-republic-consumer-credit/) - [Credit · Czech RepublicCrowdfunding Service Provider authorization under ECSPR (povolení k činnosti poskytovatele služeb skupinového financování)CNB](https://protegra.io/licensing/licences/lending/czech-republic-crowdfunding/) - [Credit · EstoniaAuthorisation as a crowdfunding service provider under ECSPRFI](https://protegra.io/licensing/licences/lending/estonia-crowdfunding/) - [Credit · SpainProveedor de servicios de financiación participativa / European crowdfunding service provider authorizationCNMV](https://protegra.io/licensing/licences/lending/spain-crowdfunding/) - [Credit · FrancePrestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorizationAMF](https://protegra.io/licensing/licences/lending/france-crowdfunding/) - [Credit · IrelandCrowdfunding Service Provider Authorisation (ECSPR)CBI](https://protegra.io/licensing/licences/lending/ireland-crowdfunding/) - [Credit · ItalyFornitore di servizi di crowdfunding / European crowdfunding service provider authorization (ECSPR)CONSOB](https://protegra.io/licensing/licences/lending/italy-crowdfunding/) - [Credit · LithuaniaCrowdfunding service provider authorizationLB](https://protegra.io/licensing/licences/lending/lithuania-crowdfunding/) - [Credit · LuxembourgCrowdfunding service provider authorisationCSSF](https://protegra.io/licensing/licences/lending/luxembourg-crowdfunding/) - [Credit · LatviaCrowdfunding service provider authorizationLB](https://protegra.io/licensing/licences/lending/latvia-crowdfunding/) - [Credit · NetherlandsEuropean Crowdfunding Service Provider (ECSPR) authorisation under Regulation (EU) 2020/1503AFM](https://protegra.io/licensing/licences/lending/netherlands-crowdfunding/) - [Credit · PolandCrowdfunding Service Provider authorization under ECSPR (dostawca usług finansowania społecznościowego)KNF](https://protegra.io/licensing/licences/lending/poland-crowdfunding/) - [Credit · PolandLending Institution registration (instytucja pożyczkowa - RIP)KNF](https://protegra.io/licensing/licences/lending/poland-institution/) - [Credit · SlovakiaCrowdfunding service provider authorisation under ECSPR (povolenie na činnosť poskytovateľa služieb kolektívneho financovania)NBS](https://protegra.io/licensing/licences/lending/slovakia-crowdfunding/) ## Regulators that apply it - [NetherlandsAuthority for the Financial Markets (AFM)The Autoriteit Financiële Markten (AFM) is the Netherlands' autonomous conduct-of-business supervisory authority (zelfstandig bestuursorgaan](https://protegra.io/licensing/regulators/afm-netherlands/) - [FranceFinancial Markets Authority (AMF)The Autorité des marchés financiers (AMF) is France's independent financial markets authority, tasked with safeguarding savings invested in](https://protegra.io/licensing/regulators/amf-france/) - [LithuaniaBank of Lithuania (LB)The Bank of Lithuania operates as the central bank of the Republic of Lithuania and member of the Eurosystem, conducting integrated prudenti](https://protegra.io/licensing/regulators/bank-of-lithuania/) - [IrelandCentral Bank of Ireland (CBI)The Central Bank of Ireland serves the public interest by maintaining monetary and financial stability while ensuring that the financial sys](https://protegra.io/licensing/regulators/central-bank-of-ireland/) - [Czech RepublicCzech National Bank (CNB)The Czech National Bank acts as the central bank and unified supervisory authority of the Czech financial market under Act No. 6/1993 Coll.](https://protegra.io/licensing/regulators/cnb-czechia/) - [SpainNational Securities Market Commission (CNMV)The National Securities Market Commission is the Spanish agency responsible for supervising and inspecting secondary securities markets, inv](https://protegra.io/licensing/regulators/cnmv-spain/) - [ItalyNational Commission for Companies and the Stock Exchange (CONSOB)CONSOB is Italy's independent administrative authority tasked with safeguarding investor protection, market transparency, fair conduct among](https://protegra.io/licensing/regulators/consob-italy/) - [LuxembourgCommission de Surveillance du Secteur Financier (CSSF)The CSSF operates as the unified public supervisory authority for the Luxembourg financial centre, conducting prudential supervision and mar](https://protegra.io/licensing/regulators/cssf-luxembourg/) - [CyprusCyprus Securities and Exchange Commission (CySEC)The Cyprus Securities and Exchange Commission is the independent public supervisory authority responsible for the regulation and supervision](https://protegra.io/licensing/regulators/cysec-cyprus/) - [European UnionEuropean Securities and Markets Authority (ESMA)ESMA operates as an independent European Union supervisory authority that protects the public interest by contributing to the stability and](https://protegra.io/licensing/regulators/esma/) - [EstoniaFinantsinspektsioon (FI)Finantsinspektsioon is Estonia's independent financial supervision and crisis resolution authority operating with autonomous responsibilitie](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) - [PolandPolish Financial Supervision Authority (KNF)KNF ensures the proper functioning, stability, security, and transparency of the Polish financial market, safeguards public confidence in fi](https://protegra.io/licensing/regulators/knf-poland/) - [LatviaLatvijas Banka (LB)Latvijas Banka is the central bank of the Republic of Latvia and member of the Eurosystem, operating as the single integrated financial supe](https://protegra.io/licensing/regulators/latvijas-banka/) - [SlovakiaNational Bank of Slovakia (NBS)Národná banka Slovenska acts as the central bank and integrated financial supervisory authority of the Slovak Republic. It safeguards price](https://protegra.io/licensing/regulators/nbs-slovakia/) ## Sources 1. [eur-lex.europa.eu: TXT (32020R1503)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32020R1503): retrieved 2026-09-24 Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.