Financial investment advisers must comply with the provisions of this subsection at all times. Financial investment advisers shall inform the association to which they belong of any change in the information concerning them and of any event which may have consequences for their membership as financial investment advisers.
I.-Financial investment advisers may not receive financial instruments from their clients. They may not receive funds from their clients other than those intended to remunerate their activity. II -Financial investment advisors may not claim the benefit of the provisions of articles L. 532-23 and L. 532-24.
Financial investment advisers are subject to the disqualifications set out in article L. 500-1.
Financial investment advisers : 1° Provide themselves with the resources and procedures necessary to carry out their activities and implement these resources and procedures efficiently ; 2° When providing the advice referred to in 1° or 3° of I of Article L. 541-1, have appropriate systems in place to obtain the relevant information referred to in 3° of Article L. 533-24 and to understand the characteristics and identify the target…
Financial investment advisers must: 1° Act honestly, loyally and professionally, in the best interests of their clients; 2° Exercise their activity, within the limits authorised by their status, with due skill, care and diligence, in the best interests of their clients, in order to provide them with a range of services that is appropriate and proportionate to their needs and objectives; 3° Ensure that they do not remunerate or evaluate…
The codes of conduct referred to in Article L. 541-4 must comply with the rules of conduct referred to in Article L. 541-8-1, which they may specify and supplement.
Financial investment advisers are treated in the same way as investment service providers other than portfolio management companies for the purposes of Article L. 533-12-7.
Only the following may carry on the business of custody account-keeping for financial instruments 1° Legal entities in respect of the financial instruments they issue by public offer, with the exception of the offers referred to in 1° or 2° of Article L. 411-2 or in Article L. 411-2-1; 2° Credit institutions established in France; 3° Investment firms established in France; 4° Legal entities whose members or partners are indefinitely…
Collective investment management companies are portfolio management companies, legal entities that manage the AIFs mentioned in 3° of III of Article L. 214-24, managers of European venture capital funds covered by Regulation (EU) No 345/2013 of the European Parliament and of the Council of 17 April 2013 on European venture capital funds and managers of European social entrepreneurship funds covered by Regulation (EU) No 346/2013 of the European Parliament and…
The directors of a company must refrain from taking any initiative with the financial analysts whose services they pay for which would have the purpose or effect of favouring their own interests, or those of their shareholders, to the detriment of accurate information.
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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
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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
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