Section 1: Definitions and registration requirements

Participatory finance intermediation consists of bringing together, by means of a website, the promoters of a given project and the persons financing that project under the following conditions: 1° Legal entities and, when acting for professional purposes, natural persons seeking financing for activities other than those governed by Regulation (EU) 2020/1503 of 7 October 2020 may obtain the loans mentioned in Article L. 511-6(7), free loans and donations ; 2°…

I.-Participative finance intermediaries are persons who habitually act as intermediaries within the meaning of Article L. 548-1. Only legal entities may be equity financing intermediaries. II.Participative finance intermediaries are not authorised to carry out any activities other than those mentioned in Article L. 548-1 or, where applicable, those that they are authorised to carry out in their capacity as a credit institution, finance company, payment institution, account information service provider,…

Participative finance intermediaries as defined in Article L. 548-2 are registered in the single register mentioned in Article L. 546-1.