Through its own portal,, Walliance S.p.A:

  • operates with diligence, fairness, and transparency, preventing any conflict of interest in managing the portal to harm the interests of both Investors and Issuers. It ensures equal treatment of the offer recipients who happen to be in the same conditions; 

  • provides in a detailed, correct, clear, non-misleading way, and in full, all information to Investors regarding the offer provided by the Issuer so that they can understand the nature of the investment, the type of financial instruments offered, and the risks connected to them to make conscious investment decisions; 

  • reminds Investors, other than Professional Investors or other investor categories, as indicated in Article 24, paragraph 2, about the necessity for high-risk financial asset investments to be adequately related to their financial resources. Walliance does not disseminate news that is inconsistent with information published on the Portal. It also refrains from making recommendations regarding the financial instruments subject to individual offers, which may influence their adhesions' performance. Further, it also ensures that the information provided through the Portal is up-to-date and accessible for at least 12 months following the closure of the offers and that it is made available to the interested parties who request it for a period of five years from the offer's closing date.

The Manager carries out the verification provided for in Article 13, paragraph 5-bis of Consob Regulation 18592/2013 directly without resorting to the authorized intermediaries, that is, the Banks in charge of managing investors' bank transfers who would alternatively be required to carry out the same verification for operations considered above-threshold. Therefore, the Manager, through a special online questionnaire submitted to the Investor during the offer acceptance, verifies that the latter has the level of experience and knowledge necessary to understand the essential characteristics and risks that the investment brings. The evaluation is based on Investor-provided information, pursuant to Article 15, paragraph 2, letter b. This information refers, at least, to:

  • the types of services and operations, also through online portals, as well as the financial instruments that the Investor is familiar with;

  • the nature, volume, and frequency of operations on financial instruments, also through online portals, carried out by the Investor and when performed;

  • the level of education, the profession, or, if relevant, the Investors' previous profession.

If the manager believes that the tool is inappropriate for the client, then he/she will warn him/her of this situation, including through electronic communication systems.

Did this answer your question?