Credit institutions and finance companies adhering to the surety guarantee mechanism must include the following statement in their surety bond contracts falling within the scope of articles D. 313-26 to D. 313-31 : “This commitment is covered by the surety guarantee mechanism mentioned in article L. 313-50 of the Monetary and Financial Code. “
Beneficiaries of the surety undertakings referred to in article D. 313-26 may obtain, on simple request to the Fonds de garantie des dépôts et de résolution, additional information on the conditions or deadlines for compensation as well as the formalities to be completed in order to be compensated.
Information intended for beneficiaries and documents relating to the conditions and formalities to be met in order to benefit from a payment under the surety guarantee mechanism are written in French, in a detailed and easily understandable manner.
Payment institutions and electronic money institutions that provide payment services are required to make available, on paper or on another durable medium, to their customers and to the public the general terms and conditions they apply to the transactions they carry out. When they open a payment account mentioned in I of Article L. 314-1, the institutions mentioned in the first paragraph must provide their customers, on paper or on…
For the purposes of Article L. 314-1, the following definitions apply 1° Direct debit service: a service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of consent given by the payer to the payee, to the payee’s payment service provider or to the payer’s own payment service provider; 2° Transfer service means a service provided by the payment service provider…
Electronic money institutions are required to make available to their customers and to the public, on paper or on another durable medium, the general terms and conditions they apply to the transactions they carry out.
The ceilings set in application of article L. 315-9 are as follows: 1° The maximum monetary value stored in electronic form and usable by means of a physical medium is set at 10,000 euros ; 2° The maximum amount that may be loaded in cash, or in electronic money not subject to the obligations set out in Articles L. 561-5 and L. 561-5-1 under the conditions set out in Article…
The investment services referred to in Article L. 321-1 are defined as follows: 1. The service of reception and transmission of orders on behalf of third parties is the act of receiving and transmitting to another person or entity, on behalf of a third party, with a view to carrying out transactions, orders relating to financial instruments or to one or more of the units referred to in Article L….
The financial futures instruments referred to in section 7 of article L. 321-2 are those referred to in sections 2, 3, 4, 7 and 8 of article D. 211-1 A.
Articles R. 312-19 to R. 312-22 apply to accounts opened in the books of persons providing investment or related services as provided for in articles L. 321-1 and L. 321-2.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
