Crowdfunding in the Netherlands

Whilst the Dutch legislator has not (as at the date of this study) formally adopted any specific and comprehensive legislation for the regulation of crowdfunding activities, the Dutch regulator has nevertheless set up conditions and duties (mainly) incumbent to platform operators, to the extent that such crowdfunding activities amount to regulated services such as the provision of investment services or loan intermediation services. This study thus aims to set forth the main characteristics of the Dutch legal framework in the context of the rapidly growing crowdfunding market. The national legislation and regulation will largely be replaced with a unified EU regime by the EU Regulation 2020/1503 of 7 October 2020.