European regulations require that the money related to the execution of investment orders in financial instruments, both risk and debt, through authorized online portals, must be transferred to an unavailable account dedicated to the Issuer Company. That money is held there until the issuing finalization, when they can be transferred to the Issuer Company.
The unavailable account is opened with our partner Mangopay SA.
Remember: according to the relevant regulations, no money will ever pass through the current accounts in Walliance's name.
The appropriateness verification
Walliance will proceed directly to the appropriateness verification referred to in Article 21 of the (EU) Regulation, as well as Articles 55 and 56 of the (EU) Regulation 2017/565, as recalled by Article 42 of the Intermediaries Regulation in Article 13, paragraph 5-bis of the CONSOB Regulation. Walliance, therefore, through a special online questionnaire submitted to the Investor during the investment order subscription, verifies that the latter has the level of experience and knowledge necessary to understand the main characteristics and risks involved in the investment. The assessment is made based on the information provided by the Investor, which refers, at least:
to the types of services and operations, as well as the nature, volume, and frequency of transactions carried out, through online portals too, in financial instruments and the period during which these transactions were carried out, with particular reference to investments in risk or debt financial instruments;
to the level of education and profession, even prior to that to the current one, of the Investor.
If Walliance believes that the instrument is not appropriate for the client, it will warn him/her, including through electronic communication systems.