Any correspondence or advertising, regardless of the medium, from an intermediary acting in this capacity shall indicate his name or corporate name, his business address or that of his registered office, his intermediary registration number and the category of intermediary to which he belongs.
The terms or level of remuneration received by bank and payment services intermediaries for their intermediation activity and the way in which bank and payment services intermediaries remunerate their staff must not run counter to their obligation to act in the best interests of customers or influence the quality of their service provision. Where banking and payment services intermediaries provide an advisory service as referred to in Article L. 519-1-1,…
I. – Before concluding any banking transaction or payment service or any preparatory work or advice, the intermediary must agree with his customer, including any potential customer, in writing or on another durable medium, any charges and, where applicable, the remuneration due to him. Where the banking transaction relates to a credit agreement as defined in article L. 313-1 of the Consumer Code, the intermediary shall specify whether he receives…
The additional rules provided for in this sub-section apply to the intermediaries referred to in 1° of I of article R. 519-4 and to their agents referred to in 4° of the same I.
The intermediaries referred to in article R. 519-27 above are required to analyse a sufficient number of contracts on offer to be able to base an objective analysis of the market and recommend or propose a contract suited to the needs of the customer, including the potential customer. They must provide customers and potential customers with information describing and comparing the different types of contract available on the market for…
The intermediary shall explain to the customer, including the potential customer, the reasons for his proposals and how he has taken account of the information he has obtained from the customer.
Prior to the conclusion of any banking transaction or the provision of any payment service or any preparatory work and advice, the intermediary shall inform the customer, including the potential customer: 1° The number and names of the credit institutions, finance companies, payment institutions, electronic money institutions that provide payment services, participative finance intermediaries, insurance companies in connection with their lending activities or management companies in connection with their FIA…
I. – Intermediaries must, at the time of subscription, respond truthfully to all requests for information from the credit institution, finance company, payment institution, electronic money institution that provides payment services, intermediary in participative financing, insurance company in the context of its lending activities or management company in the context of its FIA management activities mentioned in article L. 511-6 when they may be useful in assessing the customer’s background…
The intermediaries mentioned in 1° and 4° of I of article R. 519-4 who also carry out insurance or reinsurance brokerage activities may join only one approved professional association, provided that this association is approved for all their activities.
When an association’s authorisation is withdrawn under the conditions set out in Section 6, or in the event of dissolution for any reason whatsoever, the intermediaries referred to in 1° and 4° of I of Article R. 519-4 must join a new approved association within three months of notification of the decision to withdraw authorisation or the date of dissolution.
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.
