Article 17 Withdrawal of authorisation

(a)

has not used its authorisation within 18 months of the date of granting of the authorisation;

(b)

has expressly renounced its authorisation;

(c)

has not provided crowdfunding services for nine successive months and is also no longer involved in the administration of existing contracts that are the result of initial matching of business funding interests through the use of its crowdfunding platform;

(d)

has obtained its authorisation by irregular means, including making false statements in its application for authorisation;

(e)

no longer meets the conditions under which the authorisation was granted;

(f)

has seriously infringed this Regulation.

(a)

where the crowdfunding service provider is also a payment service provider in accordance with Directive (EU) 2015/2366 and it, or its managers, employees or third parties acting on its behalf, have infringed national law implementing Directive (EU) 2015/849 in respect of money laundering or terrorist financing; or

(b)

where the crowdfunding service provider or a third party acting on its behalf has lost the authorisation allowing the provision of payment services in accordance with Directive (EU) 2015/2366 or investment services under Directive 2014/65/EU, and that crowdfunding service provider or third party has failed to remedy the situation within 40 calendar days.

(a)

a subsidiary of a crowdfunding service provider authorised in that other Member State;

(b)

a subsidiary of the parent undertaking of a crowdfunding service provider authorised in that other Member State; or

(c)

controlled by the same natural or legal persons who control a crowdfunding service provider authorised in that other Member State.