# Prestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorization (France)

Source page: https://protegra.io/licensing/licences/lending/france-crowdfunding/

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.

## At a glance

| Official name | Prestataire de services de financement participatif (PSFP) / European crowdfunding service provider authorization [1] |
| --- | --- |
| Issued by | [Financial Markets Authority](https://protegra.io/licensing/regulators/amf-france/) |
| Jurisdiction | [France](https://protegra.io/licensing/jurisdictions/france/) |
| Licence family | [Lending / consumer credit](https://protegra.io/licensing/licences/lending/) |
| Legal basis | Regulation (EU) 2020/1503 on European crowdfunding service providers for business (ECSPR) [2] |
| Passporting | EU/EEA passport available |
| Annual fee | EUR 2,550 annual supervisory contribution (Article D. 621-27 II 12°) [3] |
| Statutory decision time | 3 months from receipt of a complete application under Regulation (EU) 2020/1503 Art. 12(8) [2] |

## What it lets you do

- [Crowdfunding services](https://protegra.io/licensing/activities/crowdfunding/)

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

## Where it is valid

_Issued in France (gold); can be passported to the other EU/EEA states (blue) by notification._

## Cost

_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

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

- [European Crowdfunding Service Providers Regulation](https://protegra.io/licensing/laws/eu-ecspr-2020-1503/): Regulation (EU) 2020/1503

## Sources

1. [amf-france.org: listes blanches](https://www.amf-france.org/fr/espace-epargnants/proteger-son-epargne/listes-blanches?conditions%5Bcategorie%5D=624): retrieved 2026-09-24
2. [eur-lex.europa.eu: HTML (32020R1503)](https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32020R1503): retrieved 2026-09-24
3. [amf-france.org: 2025 guide des contributions fr modifie coquille (PDF)](https://www.amf-france.org/sites/institutionnel/files/private/2026-01/2025-guide-des-contributions-fr_modifie-coquille-.pdf): retrieved 2026-09-24
4. [eur-lex.europa.eu: TXT (32023R1114)](https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32023R1114): retrieved 2026-09-24

Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.