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Article L573-3 of the French Monetary and Financial Code

Failure by the directors of an investment firm or portfolio management company to draw up an inventory for each financial year and prepare annual accounts and a management report in accordance with the conditions set out in article L. 533-5 is punishable by a fine of 15,000 euros.

Original in French 🇫🇷
Article L573-3

Le fait, pour les dirigeants d’une entreprise d’investissement ou d’une société de gestion de portefeuille, de ne pas, pour chaque exercice, dresser l’inventaire et établir les comptes annuels et un rapport de gestion dans les conditions prévues à l’article L. 533-5 est puni de 15 000 euros d’amende.

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