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Article L572-19 of the French Monetary and Financial Code

Failure by the directors of an electronic money institution to draw up an inventory for each financial year, prepare annual accounts and a management report, in accordance with the conditions set out in article L. 526-36, is punishable by a fine of €15,000.

Original in French 🇫🇷
Article L572-19

Le fait, pour les dirigeants d’un établissement de monnaie électronique, de ne pas, pour chaque exercice, dresser l’inventaire, établir des comptes annuels et un rapport de gestion, dans les conditions prévues à l’article L. 526-36, est puni de 15 000 € d’amende.

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