Table VII

Transparency and investor protection provisions

TransparencyPlatform-Specific Transparency (Pre-Investment)Clear InformationTerms and conditions are written in a clear way
Project Selection CriteriaPlatforms state their selection criteria
Disclosure RequirementsPlatforms state which information they require from project owners to disclose
Due Diligence/Verification of InformationPlatforms state how they verify the information from projects
Platforms publish their role in the verification of data
Fees and ChargesPlatforms state how they are remunerated
Platform-Specific Transparency (Post-Investment)Statistics and Market DevelopmentPlatforms provide data about their activity
Full List of Investment Projects
Full Loan Book
Platforms provide a complete overview of all projects on their platform. Platforms do not hide unsuccessful projects
Project-Specific Transparency (Pre-Investment)Clear and Unbiased InformationProjects display potential returns and risks of projects in a clear manner
Mandatory Disclosure of Project InformationProjects provide minimum information (either mandated by platform, law and/or association)
Platforms publish minimum requirements for information of the projects towards the investors
Project-Specific Transparency (Post-Investment)Scenario AnalysisPlatforms test the performance of their investment/loan portfolio under adverse scenarios
Individual Portfolio AnalysisPlatforms analyse how the portfolio of an individual investor behaves and informs him about it
Ongoing Disclosure of ProjectsProjects report about their activities after the campaign
Individual investor's fund informationPlatforms provide information to investors on where their funds are in each moment
Investor ProtectionInvestor Protection (Pre-Investment)Risk WarningsPlatforms provide risk warnings to investors
Tax Regime InformationPlatforms give information about the applicable tax treatment
Investor Protection (Post-Investment)Cooling-Off PeriodInvestors can withdraw their investment during the funding period
Limitation of LossesInvestors losses are limited to their original investment
Dispute resolutionPlatforms maintain a mechanism for solving conflicts between projects and investors and between platforms and investors

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