Lending / consumer credit · France

European crowdfunding service provider authorization (France)

The Prestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorization is issued by Financial Markets Authority (AMF) under Regulation (EU) 2020/1503 on European crowdfunding service providers (ECSPR). It can be passported to the other EU/EEA states by notification. The legal decision period is 3 months from receipt of a complete application under Regulation (EU) 2020/1503 Art. 12(8). Ownership changes need the regulator's approval before completion.

Last verified 2026-09-24Regulator AMFMarkdown · Data (CC BY 4.0)
European crowdfunding service provider authorization: licenceCredit

At a glance

Official nameEuropean crowdfunding service provider authorization1
Local namePrestataire de services de financement participatif (PSFP)
Also known asECSP · ECSPR authorisation · French crowdfunding licence · French ECSP licence · French crowdfunding service provider authorisation · PSFP · prestataire de services de financement participatif
Issued byFinancial Markets Authority
JurisdictionFrance
Licence familyLending / consumer credit
Legal basisRegulation (EU) 2020/1503 on European crowdfunding service providers for business (ECSPR)2
PassportingEU/EEA passport available
Annual feeEUR 2,550 annual supervisory contribution (Article D. 621-27 II 12°)3
Statutory decision time3 months from receipt of a complete application under Regulation (EU) 2020/1503 Art. 12(8)2

What it lets you do

Crowdfunding servicesMatching business funding interests of investors and project owners through a platform, by facilitating loans or placing securities.

Where it is valid

France licence, passportable across the EU/EEAATBEBGHRCYCZDKEEFIFRDEGRHUIEITLVLTLUNLPLPTROSKSIESSEISNOMTLI
Issued in France (gold); can be passported to the other EU/EEA states (blue) by notification.

Cost

Cost components, upper bound total EUR 2,550Annual supervisory fee: EUR 2,550
Regulatory costs from the official sources above. Professional fees, staff, office and audit come on top and depend on the business model.

How long it takes

Time to licence: statutory 3-3 monthsStatutory3 months

Statutory: 3 months from receipt of a complete application under Regulation (EU) 2020/1503 Art. 12(8)2. Observed: not published. The statutory clock usually starts only when the regulator treats the application as complete, and pauses while it waits for answers to its questions.

Buying a company that already holds it

Prior approval required. Acquiring or increasing a qualifying holding needs the AMF's prior approval. For portfolio management companies (SGP) the thresholds are 10%, 20%, 33.33% and 50% of capital or voting rights (Code monétaire et financier, Article L. 532-9-1). For crypto-asset service providers MiCA Articles 83 and 84 apply: the thresholds are 20%, 30% and 50%, and the AMF assesses the acquirer within 60 working days of a complete notification.4

Credit in other countries

CountryLicenceRegulatorMin. capitalApplication feeStatutory time
AustraliaAustralian credit licence (ACL)ASICn/an/an/a
CyprusEuropean Crowdfunding Service Provider authorisationCySECn/an/an/a
Czech RepublicNon-bank Consumer Credit Provider licenceCNBn/aCZK 50,000n/a
Czech RepublicCrowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPRCNBn/aCZK 20,000~3 mo
EstoniaOperating licence as a credit servicerFIn/an/an/a
EstoniaOperating licence as a creditorFIn/an/an/a
EstoniaAuthorisation as a crowdfunding service providerAuthorisation as a crowdfunding service provider under ECSPRFIn/an/an/a
EstoniaAuthorisation for operating as a financial institutionFIUn/aEUR 3,300~2.8 mo
EstoniaOperating licence as a credit intermediaryFIn/an/an/a
FranceEuropean crowdfunding service provider authorizationAMFn/an/a~3 mo
IrelandCrowdfunding Service Provider Authorisation (ECSPR)CBIn/an/an/a
ItalyEuropean crowdfunding service provider authorization (ECSPR)CONSOBn/an/a~3 mo
LatviaCrowdfunding service provider authorizationLBn/an/an/a
LithuaniaCrowdfunding service provider authorizationLBn/an/an/a
LithuaniaPeer-to-peer lending platform operatorLBn/an/an/a
LuxembourgCrowdfunding service provider authorisationCSSFn/aEUR 30,000n/a
NetherlandsEuropean Crowdfunding Service Provider (ECSPR) authorisationEuropean Crowdfunding Service Provider (ECSPR) authorisation under Regulation (EU) 2020/1503AFMn/aEUR 200~4.2 mo
PolandCrowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPRKNFn/an/an/a
PolandLending Institution registrationKNFn/aPLN 616n/a
SlovakiaCrowdfunding service provider authorisationCrowdfunding service provider authorisation under ECSPRNBSn/an/an/a
SpainEuropean crowdfunding service provider authorizationCNMVn/an/an/a
SpainSpecialized lending credit institution authorizationBdEn/an/an/a
United KingdomConsumer Credit Full Permission Authorisation (Part 4A FSMA)FCAn/an/an/a

Values come from each licence's page, where every figure has its source.

Laws behind it

Last verified 2026-09-24Author Danil Marmysh, Founder & CEO, ProtegraReviewed by Anastasia Sidorenkova, Head of Licensing, ProtegraReport an errorReference information, not legal advice.

Sources

  1. amf-france.org: listes blanches · retrieved 2026-09-24
  2. EUR-Lex: CELEX 32020R1503 · retrieved 2026-09-24
  3. amf-france.org: 2025 guide des contributions fr modifie coquille (PDF) · retrieved 2026-09-24
  4. EUR-Lex: CELEX 32023R1114 · retrieved 2026-09-24

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