Lending / consumer credit · France

Prestataire de services de financement participatif (PSFP) / 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)
Prestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorization: licenceCredit

At a glance

Official namePrestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorization1
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 services. Matching 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

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.europa.eu: HTML (32020R1503) · retrieved 2026-09-24
  3. amf-france.org: 2025 guide des contributions fr modifie coquille (PDF) · retrieved 2026-09-24
  4. eur-lex.europa.eu: TXT (32023R1114) · retrieved 2026-09-24

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