The Regulation of Crowdfunding in Europe

  • Lars Klöhn


This chapter aims to give an overview of the regulation of crowdinvesting in Europe. It also tries to assess whether there is need for further regulation. To these ends, it outlines the general regulatory framework on the supranational EU level. With regard to the Member State level, the chapter discusses the laws of the UK and Germany, two almost antagonistic approaches to the regulation of crowdinvesting. Finally, it sheds light on the contractual terms under which crowdinvesting is taking place in Europe and discusses investor protection mechanisms crowdinvesting platforms have developed in the absence of regulatory requirements.


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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Lars Klöhn
    • 1
  1. 1.Faculty of LawHumboldt University of BerlinBerlinGermany

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