# Regulation (EU) 2020/1503 of the European Parliament and of the Council of 7 October 2020 on European crowdfunding service providers for business, and amending Regulation (EU) 2017/1129 and Directive (EU) 2019/1937 (Text with EEA relevance), Division III: Sophisticated investors that are professional clients

Extent: E+W+S+N.I.

By way of derogation from the procedure set out in Section II of this Annex, entities referred to in points (1) to (4) of Section I of Annex II to Directive 2014/65/EU shall be regarded as sophisticated investors if they provide proof of their status of professionals to the crowdfunding service provider.

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Source: https://www.legislation.gov.uk/eur/2020/1503/annex/II/division/III (the official version)
Page: https://openlegislation.uk/eu-regulation-2020-1503/annex-II/division-III
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.