Walliance SpA manages the homonymous crowdfunding portal, in compliance with the CONSOB Regulation on the raising of risk and debt capitals through on-line portals, adopted with resolution no. 18592 on the 26th of June 2013 and updated with the amendments made by resolution no. 20264 on the 17th of January 2018.
Pursuant to the regulations, Walliance signed a valid Civil Professional Liability Policy no. BL09000039, issued by Insurer XL INSURANCE COMPANY SE (AXA) with expiration date the 20th of May 2019, with an aggregate ceiling for the period of validity of the same for all pecuniary losses of all policyholders: € 80,000.00 per claim and € 2,000,000.00 a year, covering all the whole world excluding the US and Canada.
The Insurer will be obliged to pay compensation for pecuniary losses only if: (i) the Act occurred for the first time at the retroactivity date or at a later date; (ii) the Act was committed exclusively in the performance or non-performance of professional activities; and (iii) the Compensation Request is filed for the first time by a third party against the Insured during the Policy validity period ("made-over claims" insurance policy) or the Observation Period (where applicable).
For information on investment safety see Article “Is the investment safe?”.