{"id":37248,"date":"2022-01-04T10:33:07","date_gmt":"2022-01-04T09:33:07","guid":{"rendered":"https:\/\/www.fma.gv.at\/financial-service-providers\/crowdfunding-service-providers\/informationen-fuer-zulassungswerber-regulatory-sandbox\/"},"modified":"2024-01-24T09:00:30","modified_gmt":"2024-01-24T08:00:30","slug":"information-for-applicants-for-authorisations","status":"publish","type":"page","link":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/","title":{"rendered":"Information for applicants for authorisations"},"content":{"rendered":"<?xml encoding=\"utf-8\" ?><h2 class=\"wp-block-heading\">General<\/h2><p class=\"wp-block-paragraph\">Legal entities that intend to provide crowdfunding services are required to submit an application for the granting of an authorisation pursuant to Article&nbsp;12 (1) of the Regulation on European crowdfunding service providers for business (ECSPR) in conjunction with the accompanying <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX:32022R2112\" target=\"_blank\" rel=\"noopener\" class=\"external\">Regulatory Technical Standard (RTS)<\/a>. The application form as well as the other declarations required for the granting of an authorisation for providing crowdfunding services can be found below (in German only).<\/p><p class=\"wp-block-paragraph\"><a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=6332&nonce=212e38459ecb0489\" class=\"internal single-document-reference piwik_download\">Antragsformular Zulassungswerber (<span class=\"sr-only\">Format: <\/span>docx, <span class=\"sr-only\">Size: <\/span>107,2 KB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n\n\n\n<\/p><p class=\"wp-block-paragraph\"><a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=6333&nonce=31330cfeadb1a3d0\" class=\"internal single-document-reference piwik_download\">Vorzulegende Angaben gem DelVO 2022\/2012 (<span class=\"sr-only\">Format: <\/span>docx, <span class=\"sr-only\">Size: <\/span>65,5 KB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n\n\n\n<\/p><p class=\"wp-block-paragraph\"><a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=6334&nonce=8c3e25776616564e\" class=\"internal single-document-reference piwik_download\">Erkl\u00e4rung \u00fcber wirtschaftliche Verh\u00e4ltnisse (<span class=\"sr-only\">Format: <\/span>docx, <span class=\"sr-only\">Size: <\/span>82,5 KB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n\n\n\n<\/p><p class=\"wp-block-paragraph\"><a href=\"\/wp-content\/plugins\/dw-fma\/download.php?d=6335&nonce=63ce29e50235347f\" class=\"internal single-document-reference piwik_download\">Fragebogen Gesch\u00e4ftsleitung (<span class=\"sr-only\">Format: <\/span>docx, <span class=\"sr-only\">Size: <\/span>88,4 KB, <span class=\"sr-only\">Language: <\/span>German)<\/a>\n\n\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3d5c3419ea9\">    <h3 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3d5c3419ea9\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3d5c3419ea9\">        <span>Reporting<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h3>  <\/div>  <div id=\"collapse-heading-6a3d5c3419ea9\" class=\"collapse\" aria-labelledby=\"heading-6a3d5c3419ea9\">    <div class=\"card-body\"><p><\/p><p>The reporting for platform operators is based on Article&nbsp;16 ECSPR and in detail on the templates in an Implementing Technical Standard, (see Commission Implementing Regulation (EU) 2022\/2120). Reporting to the FMA is conducted on annually at the end of February for the preceding financial year. The FMA forwards reports to the ESMA in an anonymised format within one month of receiving them The initial reporting submission for the 2023 financial year will, provided that the authorisation was already granted in 2023, therefore be due on 29.02.2024. Authorised crowdfunding service providers will receive further information about the structure of reporting directly from the FMA.<\/p><p>    <\/div>  <\/div><\/div><p>\n\n\n\n<\/p><p class=\"wp-block-paragraph\"><\/p><p>\n\n\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3d5c3419f61\">    <h3 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3d5c3419f61\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3d5c3419f61\">        <span>Notification prior to commencement of activities in other EU Member States<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h3>  <\/div>  <div id=\"collapse-heading-6a3d5c3419f61\" class=\"collapse\" aria-labelledby=\"heading-6a3d5c3419f61\">    <div class=\"card-body\"><p><\/p><p>Under Article 18 ECSPR the national supervisory authority in the country of incorporation (in Austria: the FMA) is to be informed in advance, in the case that an authorised crowdfunding service provider wishes to perform its services in accordance with the ECSPR in other Member States.<br>\nFees under the FMA Regulation on Fees for Financial Market Supervision (FMA-GebV; Verordnung der Finanzmarktaufsichtsbeh&ouml;rde &uuml;ber die Geb&uuml;hren der Finanzmarktaufsicht) apply for this notification.<\/p><p>    <\/div>  <\/div><\/div><p>\n\n\n<div class=\"card\">  <div class=\"card-header\" id=\"heading-6a3d5c3419f94\">    <h3 class=\"mb-0\">      <button class=\"btn btn-link btn-block text-left p-0 d-flex align-items-center justify-content-between\" type=\"button\" data-toggle=\"collapse\" data-target=\"#collapse-heading-6a3d5c3419f94\" aria-expanded=\"false\" aria-controls=\"collapse-heading-6a3d5c3419f94\">        <span>Investors<\/span>        <i class=\"fa-solid fa-chevron-down text-primary\" aria-hidden=\"true\"><\/i>      <\/button>    <\/h3>  <\/div>  <div id=\"collapse-heading-6a3d5c3419f94\" class=\"collapse\" aria-labelledby=\"heading-6a3d5c3419f94\">    <div class=\"card-body\"><p> Do crowd investors all need to bear anything in mind under supervisory law? <\/p><p>As a rule there is no obligation for authorisation for crowd investors, apart from in one important exception: in the case of a credit intermediation platform that is not authorised under the ECSPR, or where the threshold of EUR 5 million in the ECSPR is exceeded, then the users, provided they are acting on a commercial basis, are conducting the activity of lending business pursuant to Article&nbsp;1 para.&nbsp;1 no.&nbsp;3 BWG (investors) or deposit-taking business pursuant to Article&nbsp;1 para.&nbsp;1 no.&nbsp;1 BWG (project owners). Caution: Operating on a commercial basis is already deemed to exist, if there is the intention to take deposits on a recurring basis. The intention of realisation of profits is not a requirement with regard to the issues of commercial operation.<br>\nUnauthorised business may lead to high administrative penalties. There is a separate division at the FMA for investigating this. It checks cases on an ad hoc basis about whether a potential obligation to hold an authorisation exists and initiates proceedings. Information about how the proceeding is conducted can be found under <a href=\"https:\/\/www.fma.gv.at\/en\/cross-sectoral-topics\/combatting-unauthorised-business\/\">Combatting unauthorised business<\/a>.<\/p><p>    <\/div>  <\/div><\/div><p>\n\n\n\n<\/p><p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>General Legal entities that intend to provide crowdfunding services are required to submit an application for the granting of an &#8230;<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":37191,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-37248","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Information for applicants for authorisations - FMA \u00d6sterreich<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Information for applicants for authorisations - FMA \u00d6sterreich\" \/>\n<meta property=\"og:description\" content=\"General Legal entities that intend to provide crowdfunding services are required to submit an application for the granting of an ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/\" \/>\n<meta property=\"og:site_name\" content=\"FMA \u00d6sterreich\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-24T08:00:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"524\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@FMA_AT\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/information-for-applicants-for-authorisations\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/information-for-applicants-for-authorisations\\\/\",\"name\":\"Information for applicants for authorisations - FMA \u00d6sterreich\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\"},\"datePublished\":\"2022-01-04T09:33:07+00:00\",\"dateModified\":\"2024-01-24T08:00:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/information-for-applicants-for-authorisations\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/information-for-applicants-for-authorisations\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/information-for-applicants-for-authorisations\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial Service Providers\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Crowdfunding Service Providers\",\"item\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/financial-service-providers\\\/crowdfunding-service-providers\\\/\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Information for applicants for authorisations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"name\":\"FMA \u00d6sterreich\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#organization\",\"name\":\"FMA - Finanzmarktaufsicht\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"contentUrl\":\"https:\\\/\\\/www.fma.gv.at\\\/wp-content\\\/uploads\\\/2017\\\/05\\\/FMA_Logo_Twitter_400x400.png\",\"width\":400,\"height\":400,\"caption\":\"FMA - Finanzmarktaufsicht\"},\"image\":{\"@id\":\"https:\\\/\\\/www.fma.gv.at\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/FMA_AT\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Information for applicants for authorisations - FMA \u00d6sterreich","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/","og_locale":"en_US","og_type":"article","og_title":"Information for applicants for authorisations - FMA \u00d6sterreich","og_description":"General Legal entities that intend to provide crowdfunding services are required to submit an application for the granting of an ...","og_url":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/","og_site_name":"FMA \u00d6sterreich","article_modified_time":"2024-01-24T08:00:30+00:00","og_image":[{"width":925,"height":524,"url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_FB_Logo.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_site":"@FMA_AT","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/","url":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/","name":"Information for applicants for authorisations - FMA \u00d6sterreich","isPartOf":{"@id":"https:\/\/www.fma.gv.at\/en\/#website"},"datePublished":"2022-01-04T09:33:07+00:00","dateModified":"2024-01-24T08:00:30+00:00","breadcrumb":{"@id":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/information-for-applicants-for-authorisations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fma.gv.at\/en\/"},{"@type":"ListItem","position":2,"name":"Financial Service Providers","item":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/"},{"@type":"ListItem","position":3,"name":"Crowdfunding Service Providers","item":"https:\/\/www.fma.gv.at\/en\/financial-service-providers\/crowdfunding-service-providers\/"},{"@type":"ListItem","position":4,"name":"Information for applicants for authorisations"}]},{"@type":"WebSite","@id":"https:\/\/www.fma.gv.at\/en\/#website","url":"https:\/\/www.fma.gv.at\/en\/","name":"FMA \u00d6sterreich","description":"","publisher":{"@id":"https:\/\/www.fma.gv.at\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fma.gv.at\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.fma.gv.at\/en\/#organization","name":"FMA - Finanzmarktaufsicht","url":"https:\/\/www.fma.gv.at\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","contentUrl":"https:\/\/www.fma.gv.at\/wp-content\/uploads\/2017\/05\/FMA_Logo_Twitter_400x400.png","width":400,"height":400,"caption":"FMA - Finanzmarktaufsicht"},"image":{"@id":"https:\/\/www.fma.gv.at\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/x.com\/FMA_AT"]}]}},"toolset-meta":[],"publishpress_future_action":{"enabled":false,"date":"2026-07-02 16:49:56","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"translation_priority","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/37248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/comments?post=37248"}],"version-history":[{"count":6,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/37248\/revisions"}],"predecessor-version":[{"id":48542,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/37248\/revisions\/48542"}],"up":[{"embeddable":true,"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/pages\/37191"}],"wp:attachment":[{"href":"https:\/\/www.fma.gv.at\/en\/wp-json\/wp\/v2\/media?parent=37248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}