16.

ESMA shall develop draft regulatory technical standards to specify the following: the requirements for and content of the model for presenting the information referred to in paragraph 6 and Annex I; the types of main risks that are associated with the crowdfunding offer and therefore must be disclosed in accordance with Part C of Annex I; the use of certain financial ratios to enhance the clarity of key financial information, including for presenting the information referred to in point (e) of Part A of Annex I; the commissions and fees and transaction costs covered by point (a) of Part H of Annex I, including a detailed breakdown of direct and indirect costs to be borne by the investor. When developing those draft regulatory technical standards, ESMA shall take into account the nature, scale and complexity of the crowdfunding services provided by the crowdfunding service provider. ESMA shall submit those draft regulatory technical standards to the Commission by 10 May 2022. Power is delegated to the Commission to supplement this Regulation by adopting the regulatory technical standards referred to in the first subparagraph of this paragraph in accordance with Articles 10 to 14 of Regulation (EU) No 1095/2010.

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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.