AFM licence

 

Like all other parties on the financial markets, Symbid has to comply with strict regulation. This is mainly because non-professional investors need to be protected by law and regulation. At Symbid we believe the interests of both investors and entrepreneurs should be protected at all times. For this reason Symbid operates as a tied agent of Ilfa Tools & Services BV. Ilfa has a licence as an investment firm. This way Symbid is 1 of the 5 crowdfunding platforms in the Netherlands which operates based on an AFM licence, while most other platform operate based on an exemption.

 

More about supervision

The Financial Supervision Act (Wet op het financieel toezicht (Wft)) determines that financial parties which have a role towards non-professional investors, should have a licence by the Authority Financial Markets (AFM). In order to get an AFM licence parties are checked if they have the required processes to guarantee a good service level (Reward policy, complaints settlement, incidents settlement and professional competence) and if policymakers are integer, suitable and professional competent. De Nederlandse Bank (DNB) tests the financial strength and solvability of the organisation.

 

An exemption applies when the offering is € 100.000 or more per investment offer. Since 2011 Symbid facilitates small investors to invest in promising businesses. Investors can invest from as little as €20,-. Symbid Coöperatie UA is allowed to do this because we operate as a tied agent of Ilfa Tools & Services BV, which has a licence for an investment firm since March 15th 2013, registered in the AFM register with number: 14003402.