France’s financial markets regulator, the Autorité des marchés financiers (AMF), has called on crowdfunding platforms to strengthen their operating practices to better protect investors, according to Finextra’s crypto channel. The regulator said that as crowdfunding activity becomes more active, platforms need to ensure compliance with existing rules and improve transparency.
AMF also said platforms should improve project due diligence, risk disclosure, and investor eligibility assessment procedures. The move is intended to address potential risks in the sector and help maintain market stability. The statement focuses on operational standards and investor safeguards as activity in crowdfunding continues to pick up.
France’s financial markets regulator, the Autorité des marchés financiers (AMF), has called on crowdfunding platforms to strengthen their operating practices to better protect investors.
AMF said that as crowdfunding activity becomes more active, platforms need to comply with existing regulations and improve transparency.
The regulator also said platforms should improve project due diligence, risk disclosure, and investor eligibility assessment procedures. AMF said the move is meant to address potential risks in the sector and help maintain market stability.
The report was cited from Finextra’s crypto channel.
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