European Commission 13 July 2022, Commission Delegated Regulation (EU) 2022/2118 of 13 July 2022 supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards on individual portfolio management of loans by crowdfunding service providers, specifying the elements of the method to assess credit risk, the information on each individual portfolio to be disclosed to investors, and the policies and procedures required in relation to contingency funds (Text with EEA relevance)

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European Union · · · Cited by 3 · 13-07-2022

CHAPTER I. General provisions
Article 1. Accuracy and reliability of information to be provided to investors
Article 2. Format of the information to be disclosed
CHAPTER II. Elements, including the format, to be included in the description of the method to assess credit risk
Article 3. Credit risk of individual crowdfunding projects
Article 4. Credit risk at the investor’s portfolio level
Article 5. Credit risk of project owners
Article 6. Use of models
Article 7. Information on stress testing and sensitivity analysis
CHAPTER III. Information to be provided on each individual portfolio
Article 8. Calculation of the weighted average annual interest rate
Article 9. Distribution of loans according to risk category
Article 10. Key information for every loan included in the portfolio
Article 11. Information about risk mitigation measures
Article 12. Information on defaults on credit agreements by the project owner
Article 13. Information on fees paid in respect of the loan by the investor, the crowdfunding service provider or the project owner
Article 14. Information on the valuation of the loan
CHAPTER IV. Policies, procedures and organisational arrangements required with regard to contingency funds
Article 15. General requirements
Article 16. Organisational arrangements
Article 17. Governance policy
Article 18. Funding policy
Article 19. Disbursement policy
Article 20. Business continuity policy
Article 21. Transparency and disclosure to investors
Article 22. Entry into force

8.11.2022

Official Journal of the European Union

L 287/50

COMMISSION DELEGATED REGULATION (EU) 2022/2118

of 13 July 2022

supplementing Regulation (EU) 2020/1503 of the European Parliament and of the Council with regard to regulatory technical standards on individual portfolio management of loans by crowdfunding service providers, specifying the elements of the method to

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