Ireland—Regulation of crowdfunding in Ireland

Produced in partnership with Eimear O'Brien of Hogan Lovells
Practice notes

Ireland—Regulation of crowdfunding in Ireland

Produced in partnership with Eimear O'Brien of Hogan Lovells

Practice notes
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This Practice Note discusses the regulation of crowdfunding in Ireland under Regulation (EU) 2020/1503 (the ECSP Regulation) and SI No 702/2021 European Union (Crowdfunding) Regulations 2021 (Ireland) (SI 702/2021 (IRL)). It should be read in conjunction with Practice Notes: EU Regulation of crowdfunding—the ECSP Regulation and the MiFID II Crowdfunding Directive and The UK regulation of crowdfunding platforms—essentials.

Equity crowdfunding and peer-to-peer business lending in Ireland

Prior to the ECSP Regulation, equity crowdfunding and peer-to-peer business lending (P2P lending) in Ireland was not regulated unless the crowdfunding platform also carried out some other related regulated services, such as payment services or Markets in Financial Instruments Directive (2004/39/EC) (MiFID) investment services.

As part of its 2017 Action Plan under the International Financial Services 2020 Strategy on the long term vision for the development of Ireland’s international financial services sector, the Irish government committed to carry out a public consultation on crowdfunding in the context of the European Commission’s Action Plan on Building a Capital Markets Union (originally launched in 2015). In April 2017, the Department of

Eimear O'Brien
Eimear O'Brien

Partner, Hogan Lovells


Eimear is a partner in Hogan Lovells financial regulatory practice and is based in Dublin. She advises clients FinTech, retail lending, crowdfunding, banking regulation and crypto. Before joining Hogan Lovells, Eimear was the Chief Legal Officer of an equity crowdfunding platform. She previously worked in both the Legal and Enforcement Divisions of the Central Bank of Ireland (CBI) and uses knowledge of the CBI’s approach to guide and advise clients on interactions with the regulator. She is a regular speaker at Hogan Lovells’ Fintech Webinar series. She lectures on the Irish financial services market generally and payment services specifically in the Law Society of Ireland’s financial services diploma course. Time on secondment to the legal team of a UK retail bank and assisting the launch of a start up in Ireland is part of Eimear’s first-hand domestic and international experience of launching new products and supporting Fintech businesses in the context of an evolving regulatory landscape and the management of regulatory risk.

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Jurisdiction(s):
Ireland

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