Crowdfunding service providers
Applying for an authorisation
An entity providing crowdfunding services must apply for a separate authorisation in accordance with the Regulation on European Crowdfunding Service Providers for business (2020/1503, EU Crowdfunding Regulation). The Regulation is applicable from 10 November 2021. The EU Crowdfunding Regulation contains a transitional provision according to which existing crowdfunding intermediaries providing services in Finland under the national Crowdfunding Act (734/2016) may continue to provide crowdfunding services under the Crowdfunding Act until 10 November 2022 or until they are granted authorisation under the Regulation, whichever date is sooner. Applicants should note that it takes several months to process an authorisation. Application for an authorisation is made to the competent authority of the Member State in which the applicant is established.
A written application is submitted to the Financial Supervisory Authority (FIN-FSA), with supporting documents attached. We recommend that the applicant entity contacts the FIN-FSA before applying to clarify the procedure. Application for an authorisation must be made either in Finnish or Swedish.
Delivery of authorisation application documents to the Financial Supervisory Authority
Investment service providers applying for an authorisation must submit the application document to FIN-FSA Registry: kirjaamo(at)finanssivalvonta.fi.