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All CollectionsWho is Walliance?
How does Walliance work?
How does Walliance work?
Luce Landolfi avatar
Written by Luce Landolfi
Updated over a year ago

Walliance SIM SpA, through its portal www.walliance.eu and related subdomains:

  • operates with diligence, fairness and transparency, preventing any conflict of interest that may arise in managing the Portal and affect the interests of Investors and Issuers. It ensures equal treatment of offers recipients put in the same conditions;

  • makes available to Investors, in a detailed, fair, clear, non-misleading, and omission-free way, all information about the offer provided by the Issuer, so they can understand the nature of the investment, the type of financial instruments offered, and the related risks, and therefore make informed investment decisions;

  • draws to the attention of Investors (other than Professional or Sophisticated Investors), for investments in high-risk financial products, the need to be in line with their financial situation.

Walliance does not share news inconsistent with the information published on the Portal, and refrains from making recommendations regarding the financial instruments of individual investment offers likely to influence its performance. Walliance ensures that the information provided through the Portal is up-to-date, accessible for at least 12 months following the closing of the offers and is made available to interested parties who request it for up to 5 years from the closing date of the investment offer.

The Manager carries out the appropriateness verification as per Article 21 of the (EU) Regulation, in the context of the provision of crowdfunding services, as well as Articles 55 and 56 of the (EU) Regulation 2017/565, as recalled by Article 42 of the Intermediary Regulation, in the context of the provision of investment services and activities, without resorting to authorized third-party intermediaries - i.e., the banks in charge of handling investors' bank transfers - which would alternatively be required to carry out the same verification activity for so-called above-threshold operations. Walliance, therefore, through a special online questionnaire submitted to the Investor during the subscription order, verifies that the latter has sufficient level of experience and knowledge, necessary to understand the essential features and risks involved in the investment. The assessment is made based on the information provided by the Investor. Such information refers at least to:

  • the types of services, operations, including through online portals, and financial instruments with which the Investor is familiar;

  • the nature, volume and frequency of operations, including through online portals, on financial instruments, carried out by the Investor and the period during which these operations were realized;

  • the Investor's level of education, profession, or previous profession.

If Walliance considers the instrument not appropriate for the customer, it will warn the customer of this situation, through electronic communication systems as well.

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