European crowdfunding service provider authorization (ECSPR) (Italy)
The Fornitore di servizi di crowdfunding / European crowdfunding service provider authorization (ECSPR) is issued by National Commission for Companies and the Stock Exchange (CONSOB) 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 (following a 25 working-day completeness review). Ownership changes need the regulator's approval before completion.
At a glance
| Official name | European crowdfunding service provider authorization (ECSPR)1 |
|---|---|
| Local name | Fornitore di servizi di crowdfunding |
| Also known as | ECSP · ECSPR authorisation · Italian crowdfunding licence · Italian ECSP licence · Italian crowdfunding service provider authorisation · fornitore di servizi di crowdfunding · Consob crowdfunding authorisation |
| Issued by | National Commission for Companies and the Stock Exchange |
| Jurisdiction | Italy |
| Licence family | Lending / consumer credit |
| Legal basis | Regulation (EU) 2020/1503 on European crowdfunding service providers for business (ECSPR)2 |
| Passporting | EU/EEA passport available |
| Annual fee | EUR 10,375.00 for investment-based crowdfunding service, EUR 10,375.00 for lending-based crowdfunding service (+ EUR 10,375.00 if managing loan portfolios)3 |
| Statutory decision time | 3 months from receipt of a complete application (following a 25 working-day completeness review)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
Cost
How long it takes
Statutory: 3 months from receipt of a complete application (following a 25 working-day completeness review)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 notification with an objection period. Under Article 15 of Legislative Decree 58/1998 (TUF) and Articles 83-84 of Regulation (EU) 2023/1114 (MiCA) as implemented by Legislative Decree 129/2024, any natural or legal person intending to acquire or dispose of a qualifying holding reaching or crossing 10%, 20%, 30%, or 50% of capital or voting rights, or gaining/losing control of a SIM or CASP, must give prior written notification. For SIMs, notification is submitted to Banca d'Italia (which conducts the prudential assessment, consulting CONSOB) with copy to CONSOB; for CASPs, competent authorities conduct the suitability and AML review within a 60 working-day assessment window (interruptible once by up to 20 working days). Unauthorised acquisitions automatically forfeit voting rights and risk statutory sanctions.4
Credit in other countries
| Country | Licence | Regulator | Min. capital | Application fee | Statutory time |
|---|---|---|---|---|---|
| Australia | Australian credit licence (ACL) | ASIC | n/a | n/a | n/a |
| Cyprus | European Crowdfunding Service Provider authorisation | CySEC | n/a | n/a | n/a |
| Czech Republic | Non-bank Consumer Credit Provider licence | CNB | n/a | CZK 50,000 | n/a |
| Czech Republic | Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR | CNB | n/a | CZK 20,000 | ~3 mo |
| Estonia | Operating licence as a credit servicer | FI | n/a | n/a | n/a |
| Estonia | Operating licence as a creditor | FI | n/a | n/a | n/a |
| Estonia | Authorisation as a crowdfunding service providerAuthorisation as a crowdfunding service provider under ECSPR | FI | n/a | n/a | n/a |
| Estonia | Authorisation for operating as a financial institution | FIU | n/a | EUR 3,300 | ~2.8 mo |
| Estonia | Operating licence as a credit intermediary | FI | n/a | n/a | n/a |
| France | European crowdfunding service provider authorization | AMF | n/a | n/a | ~3 mo |
| Ireland | Crowdfunding Service Provider Authorisation (ECSPR) | CBI | n/a | n/a | n/a |
| Italy | European crowdfunding service provider authorization (ECSPR) | CONSOB | n/a | n/a | ~3 mo |
| Latvia | Crowdfunding service provider authorization | LB | n/a | n/a | n/a |
| Lithuania | Crowdfunding service provider authorization | LB | n/a | n/a | n/a |
| Lithuania | Peer-to-peer lending platform operator | LB | n/a | n/a | n/a |
| Luxembourg | Crowdfunding service provider authorisation | CSSF | n/a | EUR 30,000 | n/a |
| Netherlands | European Crowdfunding Service Provider (ECSPR) authorisationEuropean Crowdfunding Service Provider (ECSPR) authorisation under Regulation (EU) 2020/1503 | AFM | n/a | EUR 200 | ~4.2 mo |
| Poland | Crowdfunding Service Provider authorizationCrowdfunding Service Provider authorization under ECSPR | KNF | n/a | n/a | n/a |
| Poland | Lending Institution registration | KNF | n/a | PLN 616 | n/a |
| Slovakia | Crowdfunding service provider authorisationCrowdfunding service provider authorisation under ECSPR | NBS | n/a | n/a | n/a |
| Spain | European crowdfunding service provider authorization | CNMV | n/a | n/a | n/a |
| Spain | Specialized lending credit institution authorization | BdE | n/a | n/a | n/a |
| United Kingdom | Consumer Credit Full Permission Authorisation (Part 4A FSMA) | FCA | n/a | n/a | n/a |
Values come from each licence's page, where every figure has its source.
Laws behind it
- European Crowdfunding Service Providers Regulation: Regulation (EU) 2020/1503
Sources
- consob.it: crowdfunding platform providers · retrieved 2026-09-24
- EUR-Lex: CELEX 32020R1503 · retrieved 2026-09-24
- consob.it: d23799 en 1 · retrieved 2026-09-24
- gazzettaufficiale.it: sg · retrieved 2026-09-24
Want the Credit licence in Italy?
Tell us your business model and target markets. We check the fit before you spend on an application, then handle the licence end to end.
A free preliminary assessment: we check your business model against the licence before you spend on an application. We handle this licence and any other fintech licence, including jurisdictions the Atlas does not cover yet.