Transitional provisions relating to the Crowdfunding Accompanying Act

(1) Investment services undertakings must inform their clients (existing clients) who have received the information to be provided under Part 11 in paper form, no later than eight weeks before sending the information in electronic form, that they will receive it in electronic form under section 64a. Insofar as the existing clients are retail clients, investment services undertakings must inform them that they have the choice of continuing to receive the information in paper form or receiving it in electronic form in future. Investment services undertakings must also inform these clients that an automatic switch to electronic form will take place if they do not notify, within the eight-week period, that they wish to continue receiving the information in paper form. Existing clients who already receive the information to be provided under this Part in electronic form need not be informed.
(2) Section 82(10) to (12) does not apply until 27 February 2023.