Coming from the Internal Market and Services Directorate, the European Commission (EC) has announced an open application for participation in an “informal” expert group on crowdfunding. The new group aligns with the recently released report on crowdfunding as the commission studies the evolution of this new form of finance.
The European Crowdfunding Stakeholder Forum (ECSF) is being formed to aid the EC in developing policies for the new form of capital formation. In line with the EC’s recent communication on crowdfunding the stated objectives are:
- helping the Commission to raise awareness, provide information and design training modules for project owners;
- providing expertise to the Commission in promoting transparency, exchange of best practices and certification;
- providing advice to the Commission to explore the potential of establishing a “quality label” to build trust with users; and
- identifying further issues that may need to be addressed.
While the directorate will be directly inviting some individuals and groups to participate they are also asking interested groups and individuals to apply to join the new group. The ECSF will be chaired by a representative from the EC. Joining members are expected to attend regular meetings. All applicants are required to be organizations established in a member state of the European Union.