Finance and regulatory duties · France / Switzerland
Crowdfunding project: map instruments and money flows
France and Switzerland examine crowdfunding through different regulatory structures. Identify project owner, participants, platform and actual instrument before tracing funds. Donations, loans and securities are not interchangeable. A platform’s status does not guarantee the project’s repayment. This dossier concerns investment or financing structure, separately from transparency for a simple charitable collection, and gives no investment recommendation.
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France: why identify the platform’s actual role ?
Status and services must correspond to the arrangement, not just advertising.
Read the referencesYour question concerns “Crowdfunding project: map instruments and money flows”. Which document should we examine, and does your matter concern France or Switzerland?
3 free questions at signup. Avoid names and sensitive information.
France: which instrument funds the project ?
Distinguish loan, security and donation rather than a crowdfunding label.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en france
France: why identify the platform’s actual role ?
Status and services must correspond to the arrangement, not just advertising.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en france
France: which agreements should be connected ?
Link project owner, investors and intermediary with their actual commitments.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en france
Which elements belong together before the next step?
| Preparation question | Point to verify |
|---|---|
| France: which instrument funds the project ? | Distinguish loan, security and donation rather than a crowdfunding label. |
| France: why identify the platform’s actual role ? | Status and services must correspond to the arrangement, not just advertising. |
| France: which agreements should be connected ? | Link project owner, investors and intermediary with their actual commitments. |
| France: does platform authorisation guarantee repayment ? | No. Provider status and project risk are different questions. |
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en franceFedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
France: does platform authorisation guarantee repayment ?
No. Provider status and project risk are different questions.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en france
Switzerland: should French platform status be copied ?
No. Examine the actual Swiss business model and relevant requirements.
Fedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
Which official provision helps explain this situation?
Distinguish loan, security and donation rather than a crowdfunding label.
Switzerland: how should the flow of funds be recorded ?
Identify holders, stages and release conditions without assuming one universal protection.
Fedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
Switzerland: what information should remain identifiable ?
Keep versions, conditions and documents actually provided to participants.
Fedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
How can you connect the facts and records in your file?
Complete the file references. The initial values illustrate a fictional case; they are not observed product results.
Fictional example · Project actors, instruments and flow map
- Project
- Transaction A
- Instrument
- Financing to classify
- Platform
- Documented role
- Funds
- Flow of money
This worksheet organises records; it does not establish admissibility, entitlement or a procedural outcome.
Switzerland: does the project map recommend investment ?
No. It organises actors and money flows without capital or return guarantees.
Fedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
What other questions arise in this file?
France: why identify the platform’s actual role ?
Status and services must correspond to the arrangement, not just advertising.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en franceFedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
France: does platform authorisation guarantee repayment ?
No. Provider status and project risk are different questions.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en franceFedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
Switzerland: how should the flow of funds be recorded ?
Identify holders, stages and release conditions without assuming one universal protection.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en franceFedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
Switzerland: does the project map recommend investment ?
No. It organises actors and money flows without capital or return guarantees.
cmf : art. L547-1exercer une activite de prestataire de services de financement participatif psfp en franceFedlex 51/117_121_129/20261001/frFedlex 2014/273/20250101/fr
Which official references should you consult?
- cmf : art. L547-1legifrance.gouv.fr
- exercer une activite de prestataire de services de financement participatif psfp en franceamf-france.org
- Fedlex 51/117_121_129/20261001/frfedlex.admin.ch
- Fedlex 2014/273/20250101/frfedlex.admin.ch
Texts cited last checked: 2 November 2026