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Announcement: granting of authorisation as a crowdfunding service provider in the Regulatory Sandbox – dagobertinvest gmbh

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The Austrian Financial Market Authority (FMA) is required to publish about participants in the Regulatory Sandbox pursuant to Article 23a para. 4 of the Financial Market Authority Act (FMABG; Finanzmarktaufsichtsbehördengesetz) on its website. In an FMA administrative decision dated 13.09.2023 the Regulatory Sandbox participant dagobertinvest gmbh (FN 444877g) was granted an authorisation pursuant to Regulation (EU) 2020/1503 on European crowdfunding services for business (ECSP-R), without conditions and obligations.

The entity is therefore permitted as an authorised crowdfunding service provider to conduct the facilitation of the granting of loans that does not include an authorisation for the individual portfolio management of loans, the placement of transferable securities without a firm commitment basis that have been issued by project owners or a special purpose vehicle, as well as the reception and transmission of client orders in relation to transferable securities and for instruments admitted for crowdfunding purposes.

dagobertinvest gmbh was admitted to the Regulatory Sandbox by means of an FMA administrative decision dated 23.03.2022. The entity is active as the operator of a publicly accessible digital platform in Austria and on a cross-border basis in Europe between potential sophisticated and non-sophisticated investors and project owners seeking funding of a project in the real estate sector or the green energy sector.

The issuing of the administrative decision granting an authorisation marks its entry into the test phase (phase 3) of the four phase process in the Regulatory Sandbox. During the course of this stage, the entity provides crowdfunding services that require a authorisation and is supervised by the FMA in doing so.

An entity’s participation in the Regulatory Sandbox is time-limited to a period of two years.