1,722,198 research outputs found
Inauguración VI Conferencia Internacional Anticorrupción: discurso del doctor Óscar Quezada Macchiavello:
No full textDiscurso de apertura del doctor Óscar Quezada Macchiavello, rector de la Universidad de Lima, de la VI Conferencia Internacional Anticorrupción organizada por la Contraloría General de la República, que se realizó en el ZUM los días 2, 3 y 4 de febrero del 2016
Tra Chiesa e Comune
No full textNel corso del secolo XII i rapporti tra il vertice ecclesiastico e l'organismo comunale sono in sintonia; ciò si riflette anche nell'ambito della produzione documentaria di matrice ecclesiastic
THE SCOPE OF THE ECSPR: THE DIFFICULT COMPROMISE BETWEEN HARMONIZATION, CLIENT PROTECTION AND THE ‘LEVEL PLAYING FIELD’ (ARTS 1–2, 46, 48–9, 51)
No full textThe Chapter, in commenting on the first two Articles of the ECSPR, discusses the scope of the Regulation and its key terms, anticipating some topics further developed in subsequent Chapters. It starts by shedding light on the legislative history of these Articles, underlying the shift from the voluntary to the mandatory nature of the new regime and from centralisation of supervisory powers within ESMA to national competent authorities-based regime. Moreover, it analyses the details of the timing for the entry into force and application, including the transitional period. It then clarifies the required characteristics of project owners, investors and crowdfunding service provider and some issues in terms of applicable law (eg consumer acquis; B2B law). Moreover, it discusses the types of services, products and offers covered by the EU Regulation, underlying some loopholes and obstacles hindering effective harmonization as well as ambiguity and uncertainty deserving interpretative clarifications from the EU
INTRODUCTION TO THE CROWDFUNDING REGULATION
No full textThis first introductory Chapter starts by setting the grounds for the legal discussion by defining crowdfunding, identifying its main advantages and risks, and describing the main services offered by platforms. After that, it provides a brief summary of the context in which the European Crowdfunding Service Providers Regulation (ECSPR) has been developed. In particular, it underlines the fragmentation in regulating crowdfunding among EU Member States, which has justified the EU legislative action, and identifies elements of connection and incoherence with other EU initiatives, especially within the Capital Markets Union Action plan. Then, it moves to the future of the ECSPR, discussing relevant extrinsic forces and challenges potentially affecting the framework (eg Brexit, pandemic crisis, sustainability issues). Finally, it provides highlights of the main features of the ECSPR and an overview of the structure and content of the Commentary
Círculo virtuoso: entrevista con el doctor Óscar Quezada Macchiavello, rector de la Universidad de Lima
No full textEl 11 de julio, el doctor Óscar Quezada Macchiavello, rector de la Universidad de Lima, fue entrevistado por Caretas y compartió un balance sobre sus primeros cinco años de gestión. El rector indicó que nuestra Casa de Estudios ha mostrado un gran crecimiento en relación con la investigación científica y su modelo educativo. Destacó, asimismo, la presencia de la Ulima en el QS World University Rankings 2020, que reconoce a las mil mejores universidades del mundo. Finalmente, afirmó que la Universidad de Lima seguirá reinventándose siempre con el objetivo de formar profesionales con conciencia ciudadana
BEYOND THE ECSPR AND FINANCIAL RETURN: THE REGULATION OF DONATION AND REWARD-BASED CROWDFUNDING IN THE EU
No full textThe ECSPR covers only financial-return crowdfunding-FRC. Nonetheless, crowdfunding goes beyond monetary incentives: reward-based and donation-based crowdfunding represent the ‘other side of the moon’ in the crowdfunding universe. The Chapter, after describing the main features of non-financial return crowdfunding (NFRC) also in comparison with FRC, provides an overview of the regulatory approaches to reward-based and donation-based crowdfunding in selected countries (Italy, France, Germany, Portugal, Spain), showing extreme fragmentation. Special attention is reserved to the measures that each analysed legal system, through general law or special crowdfunding regulations, makes available to protect backers’ expectations and trust, in terms of transparency (before the campaign about the project and after the same about the deploy of the money) and legal instruments in case project owners fail to respect the announced programme. The Chapter concludes by discussing whether best practices, guidelines or rules are needed in this sub-sector, also considering the different features compared to FRC
CONCLUSIONS ABOUT THE ECSPR AND ITS HARMONIZATION FORCE: A BRIEF SUMMARY OF THE OBJECTIVES ACHIEVED AND THE REMAINING ‘GREY’ AREAS FROM A COMPARATIVE LAW PERSPECTIVE
No full textThis final Chapter wants to provide a concluding look at the ECSPR and its main features building on the detailed and critical analyses developed in the previous pages and, in particular, on the country-based analysis of the ECSPR impact on national crowdfunding regulations (Part IV). In fact, looking at how Member States used to regulate crowdfunding (which has been obviously taken into account by the Commission when designing the Regulation’s Proposal) and how they have started to interprete the ECSPR can shed more light on the EU Regulation itself and allow us to identify the most innovative features but also some remaining ‘shadows’ needing clarifications as well as potential areas for residual regulatory fragmentation and divergence among Member States
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