KlickOwn - Mandatory Information
Mandatory legal information - KlickOwn AG
Status 02.12.2019
We are required by law to provide you with the following status-related information prior to the initial investment brokerage. We must also provide you with information on remuneration and benefits as well as on risks, costs, ancillary costs and conflicts of interest prior to the commencement of an investment brokerage or the conclusion of a transaction.
Status-related information
KlickOwn AG
Axel-Springer-Platz 3
20355 Hamburg
Phone: +49 (0)40 6077 9524 0
Represented by:
Alexander Braune
Wladimir Huber
Register entry:
Local court: Hamburg
Commercial register: HRB 158577 B
KlickOwn AG acts as a financial intermediary for financial instruments pursuant to § 1 para. 1a sentence 2 no. 1 exclusively as a contractually bound intermediary pursuant to § 2 para.10 German Banking Act (KWG) in the name, on account and under the liability of NFS Netfonds Financial Service GmbH (NFS). Financial instruments are such within the meaning of section 1 (11) of the KWG, in particular investment fund units, shares, certificates, derivatives, bonds, bearer bonds, profit participation certificates, AIFs, investments, etc. In the opinion of the Federal Financial Supervisory Authority (BaFin), block-chain-based forms of investment are among the regulated financial instruments and, to the same extent as financial instruments, are covered by the NFS's assumption of liability. If you use these services, only NFS Netfonds Financial Service GmbH will become your contractual partner.
KlickOwn AG is entered in the public register of contractually bound intermediaries kept on the Internet by the Federal Financial Supervisory Authority (BaFin).
Information regarding remunerations and benefits
KlickOwn AG receives remuneration from the issuer during the subscription period for the raising of capital for an investment. The remuneration includes costs for the brokerage of the capital for KlickOwn AG - including the costs it has paid for legal and tax advice, preparation of the issue documents, payment processing as well as customer service and marketing. The respective remuneration is listed in the offer documents for the respective asset investment.
From the time of subscription until the expiration of the respective investment, the issuer is liable for fees for investor support by and for KlickOwn AG. The respective remuneration is listed in the offer documents for the respective investment. Without the benefits, KlickOwn AG would not be able to operate the crowd investing platform www.klickwown.com and would not be able to provide its associated services or brokerage.
Information on risks, costs, ancillary costs and conflicts of interest
The risks associated with the investment offered in connection with the respective real estate project (including an explanation of the leverage effect and its effects as well as the risk of loss of the entire investment) are listed in the offer documents for the respective investment. The investor is requested to read the risk information in full before making an investment decision. The issuer must confirm its knowledge of the risk information at the beginning of the investment process. A summary of the risks can be found in an investment information sheet for the respective investment, which is also made available to the investor at the beginning of the investment process.
Costs, additional costs, further costs, taxes
A premium or other costs will not be charged. The taxation of the income generated by the investor from the respective asset investment depends on his personal circumstances. The investor is advised to seek the advice of a tax advisor if necessary. He bears the resulting costs personally. In individual cases, the investor may incur additional costs of his own in connection with the respective investment, such as costs for his own research, the purchase of information material subject to a fee, etc.
Payments, consideration
The investor shall pay the amount subscribed by him into the bank account of the Issuer after the conclusion of the contract has been confirmed by him, unless he has set up a direct debit procedure for collection. Payment shall be made within 2 weeks of conclusion of the contract. If the prognosis is correct, the investor will receive a refund of the amount invested at the end of the contract period and a fixed interest rate of 4.5 or 5.0 or 5.5 or 6% p.a. (depending on the project), also payable at final maturity. (calculation to the day). In the event of premature termination of the contractual relationship by the issuer, the investor will receive the interest that he would have received at maturity if the full term of the contract had been as planned in addition to the invested amount. In the event of an unscheduled poor performance of the asset investment, the amounts of the interest and/or the amount to be returned are lower than the planned amounts up to the possible total loss.
Conflicts of interest
In exercising the brokerage services of KlickOwn AG via the platform www.klickown.com provided by KlickOwn AG, conflicts of interest may arise between KlickOwn AG / employees of KlickOwn AG ("employees") and the issuers as well as between investors. Conflicts of interest may arise in particular if KlickOwn AG / the employee himself is directly or indirectly invested in an investment offered on the platform www.klickown.com or its provider and/or issuer. In the aforementioned cases, KlickOwn / the employee may be interested in as many visitors to the platform as possible subscribing to this investment as quickly as possible and granting as much capital as possible. Against this background, KlickOwn / the employee could carry out the appropriateness test to be carried out by KlickOwn / the employee in accordance with their own interests and release the investment as appropriate for the investors, although in the specific case this would not be appropriate for the investor. KlickOwn / the employee could carry out the plausibility check of the information posted on the platform on this investment according to his or her own interests and allow the posting of information that is not plausible after his or her own check. This could also be the case if KlickOwn / the employee obtains information on the investment and/or its provider/issuer that is not passed on in order not to jeopardize capital procurement and project implementation. Conflicts of interest between the investors can arise, among other things, when there is great demand for an asset investment that exceeds the respective funding limit. In case of personal knowledge of investors, KlickOwn / the employee could offer advantages.
KlickOwn AG has taken organizational precautions to avoid conflicts of interest as far as possible. In particular, it is forbidden to invest either directly or indirectly in offered investments or their providers/issuers and not to give any advice or recommendation regarding the offered investments. Investors' assumptions are accepted chronologically according to their access. Insofar as KlickOwn receives benefits in connection with the investments offered, these are described above or in the Investment Information Sheet applicable to the respective investment. KlickOwn AG continuously monitors the legal and contractual conduct of its employees, who are continuously trained with regard to the legal requirements placed on them and the avoidance of conflicts of interest.
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