Statistik › Aktivt, passivt och flöden › Crowdfunding limits
Europe sets no hard limit on what a retail investor may put into crowdfunding, only a simulation, an advisory sentence and a consent trigger
| Threshold | Siffra | What it does | Article |
|---|---|---|---|
| Offer ceiling | 5,000,000 euro over 12 months | defines the scope of the regulation, not a prohibition | Art 1(2)(c) |
| Loss bearing simulation | 10% of net worth | must be run and acknowledged, cannot prevent investing | Art 21(5) and 21(6) |
| Advisory sentence in the information sheet | 10% of net worth | prescribed wording, advisory only | Art 23(6)(c) |
| Per investment warning and consent trigger | higher of 1,000 euro or 5% of net worth | warning, explicit consent and proof of understanding | Art 21(7) |
| Reflection period | four calendar days | revocation without reason and without penalty | Art 22(3) |
| Key investment information sheet length | six sides of A4 | maximum if printed | Art 23(7) |
| Knowledge test review | every two years | no pass mark exists | Art 21(3) |
| Simulation review | every year | no pass mark exists | Art 21(6) |
| United Kingdom restricted investor cap | 10% of investible assets | a hard cap, self certified | FCA PS19/14 1.20 |
Read off the face of Regulation (EU) 2020/1503 and FCA Policy Statement PS19/14. The three European percentages are often reported as one investment limit. They are three different instruments with three different legal effects.
Three separate ten per cent and five per cent thresholds sit in the European crowdfunding regulation and none of them is a prohibition. The United Kingdom, by contrast, applies a hard cap of ten per cent of investible assets to one investor class.
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