An investment service provider that uses a tied agent shall take appropriate steps to ensure that the activities of the tied agent outside the scope of this Chapter do not adversely affect the activities that the tied agent undertakes on behalf of the investment service provider.
I. – Banking and payment services intermediaries as defined in article L. 519-1, financial investment advisors as defined in article L. 541-1, tied agents as defined in article L. 545-1 and equity financing intermediaries as defined in article L. 548-1 are registered in the single register provided for in article L. 512-1 of the Insurance Code. A Conseil d’Etat decree shall specify the conditions for registration in this register and…
I. – When registering or renewing their registration, the persons referred to in I of article L. 546-1 are required to provide the body that keeps the register with all the information needed to verify the conditions governing access to and practice of their activity. They are also required to inform this body as soon as possible if they no longer comply with these conditions. II. – Failure to comply…
It is forbidden for any person other than one of the persons mentioned in the first paragraph of I of Article L. 546-1 to use a name, a company name, an advertisement or, in general, expressions that lead to the belief or implication that it is registered in the register mentioned in Article L. 546-1 under one of these categories or to create confusion in this respect. It is forbidden…
I. – Breaches of the provisions of this chapter, with the exception of article L. 546-3, are punishable by two years’ imprisonment and a fine of €6,000 or one of these two penalties only. Any person who disregards one of the prohibitions set out in article L. 546-3 shall be liable to three years’ imprisonment and a fine of €375,000, or to one of these two penalties only. The court…
Participative finance service providers are the legal persons defined in e) of paragraph 1 of Article 2 of Regulation (EU) No 2020/1503 of 7 October 2020. They shall be authorised, under the conditions laid down in this regulation, by the Autorité des marchés financiers. If the applicant’s programme of operations includes facilitating the granting of loans, the authorisation as a participatory finance service provider shall be issued by the Autorité…
The key investment information sheet referred to in paragraphs 2 and 3 of Article 23 of Regulation (EU) No 2020/1503 of 7 October 2020 shall be drawn up in French. However, under the conditions and within the limits set by the General Regulation of the Autorité des marchés financiers, it may be drafted in a language other than French that is customary in financial matters. When disseminated in France, the…
Where the project promoter is a local authority, the provider of equity crowdfunding services shall inform it and the investors of the offences set out in Articles 432-10 to 432-12 of the French Penal Code and of the best practices established by the regulatory bodies to ensure compliance with these articles of the Penal Code.
Participatory finance service providers may also provide, under the conditions set out in Article L. 547-5, services identical to those mentioned in point ii) of a) of paragraph 1 of Article 2 of Regulation (EU) 2020/1503 of 7 October 2020 relating to participatory finance projects involving shares defined by decree.
The conditions set out in Chapters II, IV and V of Regulation (EU) 2020/1503 of 7 October 2020 are applicable to the provision of the services mentioned in Article L. 547-4, provided that the project promoter is a legal entity. The conditions of application of this article shall be specified by decree.
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is a Registered Trademark of
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75001, Paris France
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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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