Act 2020 status not recorded
Loi n° 2020-37 du 6 août 2020 relative au « Crowdfunding » (Law 2020-37 on crowdfunding)
Issued by Conseil du Marché Financier (Financial Market Council)
Plain-English summary
Sets rules for raising funds from the public through online platforms to finance projects and companies, by securities investment, loans or donations. The CMF licenses and supervises platforms handling securities investment and can fine or suspend them (Arts. 23, 26, 51-52); the BCT supervises loan-based platforms. Published in JORT no. 81 of 18 August 2020. The CMF also lists Decree 2022-765 of 19 October 2022 and its regulation of 11 November 2024.
Who it applies to
Capital Markets · Payments & Fintech
Topics
Market Integrity & Securities Payments & Fintech / Digital Assets
Latest news
-
RBI finalizes Basel III market risk capital requirements for banks
26 Sep 2026
The Reserve Bank of India has issued final Directions on minimum capital requirements for market risk under the revised Basel III framework, effective April 1, 2027. The framework adopts the Simplified Standardised…
-
RBI penalizes Ola Financial Services for KYC compliance failures
25 Sep 2026
The Reserve Bank of India imposed a monetary penalty of ₹3.10 lakh on Ola Financial Services Private Limited for non-compliance with KYC directions under the Payment and Settlement Systems Act, 2007. Following a…