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.
Home | French Legislation Articles | French Monetary and Financial Code | Legislative part | Book V: Service providers | Title VII: Criminal provisions | Chapter II: Payment service providers, manual money changers, electronic money issuers, digital asset service providers and token issuers | Section 3: Electronic money issuers | 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.
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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PETROFF LAW FIRM (SELARL LEGASTRAT)
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75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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