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Article L313-51 of the French Monetary and Financial Code

An order of the Minister for the Economy specifies the terms, deadlines and maximum amount of compensation. In accordance with the terms and conditions laid down in Article L. 313-50 and this Article, the guarantee mechanism shall retroactively assume the guarantee commitments required by a legislative or regulatory text granted by any credit institution or finance company that has been the subject of safeguard or receivership proceedings initiated after 1…

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Article L314-1 of the French Monetary and Financial Code

I. – A payment account is an account held in the name of one or more persons and used to carry out payment transactions. II. – The following are payment services 1° Services enabling cash to be paid into a payment account and management of a payment account; 2° Services enabling cash to be withdrawn from a payment account and payment account management transactions; 3° Execution of the following payment…

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Article L314-2 of the French Monetary and Financial Code

I. – The provisions of this chapter apply to payment services provided by the payment service providers mentioned in Book V as part of the activities defined in II of Article L. 314-1. II. – The provisions of this chapter apply if the payee’s payment service provider and the payer’s payment service provider are located, one in mainland France, Guadeloupe, French Guyana, Martinique, Reunion Island, Mayotte, Saint-Martin or Saint-Barthélemy, and…

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Article L314-7 of the French Monetary and Financial Code

I. – The information provided for in this chapter shall be supplied free of charge to the Payment Service User. II. – The payment service provider and its customer may agree to the provision of additional information, on paper or on another durable medium, to that provided for in this chapter, or to the provision of information more frequently and by means other than those provided for in the deposit…

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