Section 3: Rules of good conduct and organisation

The intermediary in equity financing :

1° Requests any lender and project promoter wishing to enter into a loan agreement :

a) To provide, in the case of a natural person, their surname, first names, date and place of birth, home postal address and e-mail address and, in the case of a legal entity, its name or corporate name, the postal address of its registered office and its SIREN number;

b) Certify that they have read and expressly accepted the regulations governing the general terms and conditions of use of the website and the intermediary's general terms and conditions of sale.

The equity crowdfunding intermediary shall set up a simple procedure on its website for cancelling the registration of any lender or project holder who is not involved in an equity crowdfunding transaction;

2° Makes available on its website a tool enabling lenders to assess their financing capacity based on the declared amount of their annual resources and expenses and their available savings;

3° Publishes on its website, in a way that is easily accessible from the first page :

a) The conditions of eligibility and the criteria for analysing and selecting projects and project sponsors, as well as the information it collects for this purpose;

b) The default rates recorded over the last thirty-six months or, if less than three years, since the start of its activity, calculated and updated quarterly:

- the sum of the outstanding capital of all loans and unsecured loans for which an instalment has been outstanding for more than two months, and the number of corresponding projects out of the sum of the outstanding capital of all loans and the number of corresponding projects ;

- the sum of projects for which loan repayments or free loans remain unpaid each month out of the total number of projects for which repayments are in progress;

4° Presents, for each project to be financed :

a) The project promoter and, by means of an appropriate notice, the project itself as well as the analysis of the project with regard to the criteria mentioned in a of 3° ;

b) The financing plan for the project, stating the total amount to be financed, where applicable the proportion of self-financing, the nature and amount of any other loans and the existence of any subsidies.

The equity financing intermediary shall indicate whether or not the project promoter has taken out insurance for the loan applied for and, where applicable, the collateral or personal sureties guaranteeing the loan.