The scope of the proposal covers loans with unconditional obligations to repay the amount due to the investor, with credit-based crowdfunding platforms only facilitating investors and project owners to conclude credit agreements without being considered as creditors of the project owner. The Commission`s objective is to create a coherent framework that facilitates a cross-border market while providing the necessary investor protection. It lays down uniform requirements for the operation, organisation, authorisation and supervision of crowdfunding service providers (“CSPs”) as well as transparency and marketing communication in the context of the provision of crowdfunding services in the Union. . . .