The amount of credit referred to in Article L. 548-1 may not exceed €2,000 per lender and per project. The term of such credit may not exceed seven years. The contractual interest rate for such credit may not exceed the threshold applicable to that category when it falls into one of the loan categories mentioned in the order of the Minister for the Economy and Finance issued in application of…
Natural persons who direct or manage a participatory finance intermediary must not be subject to any of the incapacities referred to in Article L. 500-1, nor hold a management position in a person subject to any of the sanctions referred to in 3° and 7° of Article L. 612-39 and I of Article L. 612-41.
Natural persons who direct or manage an intermediary in participative financing must provide evidence of professional skills resulting from : 1° Either a level I or II diploma attesting to higher education in banking, finance, economics or business sciences, management sciences, physical sciences, mathematics or banking and financial law, registered in the national directory of professional certifications mentioned in Article R. 335-12 of the Education Code and falling within the…
The civil liability insurance policy taken out by an intermediary in equity crowdfunding pursuant to Article L. 548-5 shall include cover of not less than 250,000 euros per claim and 500,000 euros per insurance year. Where the policy is taken out by an intermediary in the field of equity crowdfunding who only presents offers of financing through donations on its website, the amount of cover provided may not be less…
I. – Participative finance intermediaries shall mention on their website, in a manner that is easily accessible from the first page, and in all correspondence and on all advertising media, with the exception of radio advertisements, their name and corporate name, the address of their registered office, their e-mail address, their registration number in the register referred to in Article L. 512-1 of the Insurance Code and, where applicable, its…
The intermediary in equity financing : 1° Requests any lender and project promoter wishing to enter into a loan agreement : a) To provide, in the case of a natural person, their surname, first names, date and place of birth, home postal address and e-mail address and, in the case of a legal entity, its name or corporate name, the postal address of its registered office and its SIREN number;…
The intermediary in participative financing makes available on its website a standard loan contract containing the following information: 1° Identity and contact details of the parties involved: a) Marital status or company name of the lender and project promoter and, where applicable, SIREN number; b) Addresses of the domicile or registered office of the lender and the project promoter; 2° Characteristics and cost of the transaction: a) Total amount of…
Before concluding the loan agreement, the intermediary in participative financing : 1° Tells each co-contractor: a) The amount of money made available under the contract between the lender and the project promoter ; b) The duration of the credit or free loan; c) The contractual interest rate applicable to the lender; d) The amount payable to the lender (capital and interest); e) The frequency of repayments and the loan repayment…
Any contract between a lender and a project promoter shall be drawn up in writing or on any other durable medium.
A participative finance intermediary shall enter into a contract with a payment service provider or a payment service agent relating to the extinctive management of its activities in the event that it is no longer able to continue to carry them out.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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