Section 2: Conditions of access and practice

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…