(b)

publish an outcome statement within four months of the end of each financial year indicating, as applicable: the expected and actual default rate of all loans the crowdfunding service provider has facilitated, by risk category and by reference to the risk categories set out in the risk-management framework; a summary of the assumptions used in determining expected default rates; and where the crowdfunding service provider offered a target rate in relation to individual portfolio management of loans, the actual return achieved.

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Source: EUR-Lex (Cellar) · retrieved 2026-10-12 · Text as adopted (Official Journal); later amendments are not incorporated in this text.