Of course, you can cancel an investment.

Right to withdraw

The non-professional investor has the right to withdraw from the investment, for any reason whatsoever, within 7 days after the Investment Order, according to Article 13, paragraph 5 of the Consob Regulations.

The right of withdrawal provided for by the Crowdfunding Regulation is integrated with the regulations of the Consumer Code, which extends it up to 14 days from the investment order (right to reconsider). More specifically, art. 52 of the Consumer Code provides for this possibility since it is a contract concluded "at a distance" and only if the investor qualifies as a Consumer, i.e. acting for purposes unrelated to his/her business or professional activity. All users registered with Walliance as "Private" are considered to be Consumers.

Upon expiry of such term, it will no longer be possible to withdraw from the Order.

How to cancel the investment

The investor may cancel his investment within the time limits referred to above by following the procedures set out below.

  • In event of withdrawal or right to reconsider, by clicking on the "Trash bin" button in the Dashboard section of the personal area, visible after logging in.

    or

  • In the event of withdrawal (within 7 days from the date of the order), by sending an e-mail to recesso@walliance.eu

  • In the event of the right to reconsider (within 14 days from the date of the order), by sending an e-mail to ripensamento@walliance.eu.

Right to revoke

In addition, according to Article 25 of the Consob Regulation, all non-professional investors have the right to revoke their Order whenever, between the time of accepting the Offer and the time when the Offer is finally closed or the financial instruments are delivered, a significant new fact occurs or a material error is detected in the information displayed on the Portal which may affect the investment decision.

In this regard, the regulations allow investors to revoke their Order within 7 days from the date on which the new information was brought to their attention, by means of electronic communication to the e-mail address revoca@walliance.eu.

In the event that, following a revocation, the investor then decides to re-join, the investor is guaranteed the right to withdraw within seven days of the new Subscription Order.


Once the right of withdrawal or revocation has been exercised, Walliance will promptly forward the communication to the bank, which will refund the amount invested by means of a transfer from the Issuer's unavailable account to the account used by the investor when investing. This may take some days.

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