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Article L572-21 of the French Monetary and Financial Code

Failure by the directors of an electronic money institution to prepare accounts in consolidated form, pursuant to article L. 526-37, is punishable by a fine of €15,000.

Original in French 🇫🇷
Article L572-21

Le fait, pour les dirigeants d’un établissement de monnaie électronique, de ne pas établir les comptes sous forme consolidée, en application de l’article L. 526-37, est puni de 15 000 € d’amende.

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