Book III: Services

Credit institutions having their registered office in a State appearing on the list of States receiving official development assistance drawn up by the Development Assistance Committee of the Organisation for Economic Co-operation and Development and which is not a party to the Agreement on the European Economic Area may, with the prior authorisation of the Autorité de contrôle prudentiel et de résolution, only offer banking transactions to natural persons resident…

In order to issue the authorisation provided for in Article L. 318-1, the Autorité de contrôle prudentiel et de résolution shall verify that the following conditions are met, within the time limits set by order of the Minister responsible for the economy: 1° The credit institution referred to in Article L. 318-1 is subject in the State in which it has its registered office to supervisory conditions equivalent to those…

The marketing of banking transactions by one of the persons referred to in 4° of article L. 318-2 is subject to the provisions of the Consumer Code and this Code relating to advertising, canvassing and pre-contractual information, and to the provisions of Chapters I and II of Title VI of Book V of this Code, as well as to directly applicable European provisions relating to the fight against money laundering…

Each year, the credit institutions referred to in Article L. 318-1 provide the Autorité de contrôle prudentiel et de résolution with a report on the transactions carried out under this chapter, in accordance with the conditions laid down by order of the Minister for the Economy.

The Autorité de contrôle prudentiel et de résolution may withdraw the authorisation referred to in Article L. 318-1 in the following cases: 1° If one or more of the conditions set out in article L. 318-2 are no longer met ; 2° If the credit institution referred to in article L. 318-1 or one of the persons referred to in 4° of article L. 318-2 has been convicted of a…