MIOBSP (Agent of an Intermediary in Banking Transactions and Payment Services)
A MIOBSP, or Agent of an Intermediary in Banking Transactions and Payment Services, is a professional carrying out banking intermediation activities on behalf of another authorised intermediary.
In wealth management, this status is regularly used by wealth advisers or business introducers wishing to help clients with financing without directly holding independent broker status.
MIOBSPs belong to the regulated categories registered withORIAS.
Dans cette définition
Vos repèresWhat is the role of a MIOBSP in wealth management?
In wealth management, a MIOBSP mainly deals with financing matters.
They can help clients with:
- a mortgage;
- a rental property investment;
- SCPI financing;
- a wealth-related loan;
- debt consolidation;
- business financing;
- cash management solutions.
The MIOBSP generally assesses the client's project and guides them towards solutions offered by the principal intermediary on whose behalf they act.
In certain wealth strategies, financing is an important lever for optimising the creation or growth of wealth through the leverage provided by borrowing.
MIOBSPs in figures
The Agent of an Intermediary in Banking Transactions and Payment Services (MIOBSP) operates on behalf of a credit broker or another banking intermediary. As at 31 December 2024, ORIAS recorded 13 948 MIOBSPs registered in France. Of these, 64 % operate as individuals and 36 % as legal entities. The average duration of registration is 4 years and 3 months. MIOBSPs mainly work in mortgage lending (34 %), ahead of mixed consumer credit, payment services and debt consolidation activities (12 %). Registration with ORIAS is mandatory to practise this regulated profession.
What is the difference between MIOBSP and COBSP?
The main difference concerns the level of independence.
The COBSP (Broker in Banking Transactions and Payment Services) generally acts independently and works with several banking institutions.
A MIOBSP, by contrast, acts on behalf of a principal intermediary to whom they are attached.
In wealth management, some professionals begin under MIOBSP status before obtaining their own broker registration.
A MIOBSP therefore operates within a more restricted scope than an independent broker.
Why is MIOBSP status common among CGPs?
Financing matters are omnipresent in wealth management.
Wealth advisers often use MIOBSP status to help clients with matters such as:
- property investment;
- wealth-related credit;
- leverage;
- SCPI financing;
- cash optimisation;
- wealth restructuring.
This status allows financing to be integrated into a comprehensive wealth strategy without necessarily establishing an independent banking brokerage firm.
Many CGP therefore hold several regulatory statuses:
- CIF ;
- IAS ;
- MIOBSP ;
- property intermediary.
Must a MIOBSP be registered with ORIAS?
Yes. Like all banking intermediaries, a MIOBSP must be registered with ORIAS.
This registration allows you to check:
- the regulatory status;
- the validity of the activity;
- the principal's identity;
- certain professional guarantees;
- administrative compliance.
Before any significant financing transaction, it is advisable to check the professional's ORIAS registration.
What regulations govern MIOBSPs?
MIOBSPs are governed by the French Monetary and Financial Code.
In particular, they must:
- comply with information obligations;
- clearly explain their role;
- act within the mandate entrusted to them;
- comply with borrower protection rules;
- provide transparent information about their remuneration.
As part ofa wealth strategy, these obligations are important because financing transactions can have significant consequences for clients' assets and borrowing capacity.
Why use a MIOBSP?
Using a MIOBSP can provide support in finding financing solutions suited to a wealth management project.
The professional can, in particular, help to:
- structure property financing;
- assess a project's feasibility;
- incorporate borrowing into a wealth management strategy;
- optimise leverage;
- simplify certain administrative procedures.
As financing is often strategic in wealth management, professional support can add genuine value.
FAQ
A MIOBSP is an Agent of an Intermediary in Banking Transactions and Payment Services. They act on behalf of an authorised banking intermediary.
A COBSP is generally independent. A MIOBSP acts under the responsibility of a principal intermediary.
Yes. They may work on property, wealth-related or business financing within the scope of their mandate.
Because financing is an integral part of many wealth management strategies, particularly in property.