Crowdlending and Crowdfunding
Crowd lending and Crowdfunding and the requirements demanded by the CNMV to operate as such in the Fintech market.
In order to operate in the market as a platform for Participative Financing Loans with registered office in Spain, a license must be obtained from the CNMV.
- How can this license be obtained?
- What requirements must be fulfilled?
- Minimum capital?
- What reporting obligations do I have?
What requirements must society meet to act?
- Of the obligations that establish the requirements to exercise the activity, the legal form of the capital company with indefinite duration, paid-up share capital of at least 60,000 euros, domiciled in the European Union, exclusive corporate purpose, authorization and registration with the CNMV. The registry of the CNMV will be public and after the registration in the Mercantile. The relations between investors and promoters will be neutral and they are prohibited from offering services such as financial advice.
- The platform does not guarantee the solvency or viability of the promoter. Measures are established such as the limits to the volume that each project can capture through a platform, the limits to the maximum investment that a non-accredited investor can make and the information obligations so that any investment decision has been duly reasoned.