Book V: Service providers

Investment firms are required to close their financial year on 31 December. However, the Autorité de contrôle prudentiel et de résolution may authorise investment firms to derogate from this rule for the financial year in which they received their authorisation. Unless an exemption is granted by the Autorité de contrôle prudentiel et de résolution, investment firms must submit their annual accounts to the body competent to approve them before 31…

The provisions of Articles R. 533-1, R. 612-34, R. 612-36 to R. 612-50 and R. 613-10 to R. 613-23 also apply to the persons mentioned in Article 4 of Article L. 440-2. The Autorité de contrôle prudentiel et de résolution may authorise the persons referred to in the previous paragraph and investment firms whose business relates exclusively to financial futures instruments, the list of which is set by decree, to…

The financial futures instruments referred to in the second paragraph of article R. 533-2 are those referred to in 2, 3, 4, 7 and 8 of I of article D. 211-1 A.

Investment firms, other than portfolio management companies, publish in their annual report the return on their assets, calculated by dividing their net profit by their balance sheet total.

The statutory auditors referred to in Article L. 511-38 are appointed by the body of these institutions competent to approve the accounts. They are appointed for six financial years. Their term of office shall expire after the body competent to approve the accounts has ruled on the accounts for the sixth financial year. They may be reappointed.