5.

For the purposes of the assessment referred to in paragraph 1, crowdfunding service providers shall also require prospective non-sophisticated investors to simulate their ability to bear loss, calculated as 10 % of their net worth, based on the following information: regular income and total income, and whether the income is earned on a permanent or temporary basis; assets, including financial investments and any cash deposits, but excluding personal and investment property and pension funds; financial commitments, including regular, existing or future commitments.

← art_21__para_4__text_1 · All articles · art_21__para_5__text_1 →

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