French Business Law - French Legislation

Article L141-9 of the French Monetary and Financial Code

November 8, 2023

The Banque de France may carry out, on its own behalf and on behalf of third parties, all transactions in gold, means of payment and securities denominated in foreign currencies or defined by a weight of gold. The Banque de France may lend or borrow sums in euros or foreign currencies to foreign banks, institutions or foreign or international monetary organisations. When carrying out these operations, the Banque de France…

Article L142-1 of the French Monetary and Financial Code

November 8, 2023

The Banque de France is a state-owned institution.

Article L142-2 of the French Monetary and Financial Code

November 8, 2023

The General Council administers the Banque de France. It deliberates on matters relating to the management of the Banque de France’s activities other than those falling within the remit of the European System of Central Banks. It decides on staff regulations. These regulations are submitted by the Governor of the Banque de France to the competent ministers for approval. The General Council also decides on the use of the Bank’s…

Article L142-3 of the French Monetary and Financial Code

November 8, 2023

I. – The General Council of the Banque de France comprises : 1° The Governor and the two Deputy Governors of the Banque de France ; 2° Two members appointed by the President of the National Assembly and two members appointed by the President of the Senate, on the basis of their expertise and professional experience in financial or economic matters; 3° Two members appointed by the Council of Ministers,…

Article L142-8 of the French Monetary and Financial Code

November 8, 2023

The Banque de France is managed by the Governor of the Banque de France. The Governor chairs the General Council of the Banque de France. He prepares and implements the decisions of the General Council. He represents the Bank in dealings with third parties; he alone signs all agreements on behalf of the Bank. It appoints to all posts in the Bank, subject to the provisions of Article L. 142-3….

Article L142-9 of the French Monetary and Financial Code

November 8, 2023

Banque de France employees are bound by professional secrecy. They may not take or receive a holding or any interest or remuneration whatsoever by way of work or advice in any public or private, industrial, commercial or financial undertaking, unless an exemption is granted by the Governor. These provisions do not apply to the production of scientific, literary or artistic works. The General Council of the Banque de France shall…

Article L142-10 of the French Monetary and Financial Code

November 8, 2023

The branches of the Banque de France participate in the performance of the bank’s tasks. They contribute to the maintenance of banknotes and coins and the execution of cashless payments. They help to understand the local economic fabric and disseminate monetary and financial information. They manage and monitor cases of overindebtedness under the conditions set out in article L. 141-7. In order to carry out their duties, they maintain relations…

Article L143-1 of the French Monetary and Financial Code

November 8, 2023

The Governor of the Banque de France shall submit to the President of the Republic and to Parliament, at least once a year, a report on the operations of the Banque de France, the monetary policy it implements within the framework of the European System of Central Banks and its prospects. In compliance with the provisions of Article 108 of the Treaty establishing the European Community and the confidentiality rules…

Article L144-1 of the French Monetary and Financial Code

November 8, 2023

The Banque de France may enter into direct contact with companies and professional groups that are willing to participate in its surveys. These companies and professional groups may provide the Banque de France with information on their financial situation. The Banque de France may communicate all or part of the information it holds on the financial situation of companies to other central banks to other institutions entrusted with a mission…

Article L144-2 of the French Monetary and Financial Code

November 8, 2023

The operations of the Banque de France and the activities referred to in the second paragraph of Article L. 142-2 are governed by civil and commercial law.

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Title IV: The Banque de France

Article L141-9 of the French Monetary and Financial Code

Article L142-1 of the French Monetary and Financial Code

Article L142-2 of the French Monetary and Financial Code

Article L142-3 of the French Monetary and Financial Code

Article L142-8 of the French Monetary and Financial Code

Article L142-9 of the French Monetary and Financial Code

Article L142-10 of the French Monetary and Financial Code

Article L143-1 of the French Monetary and Financial Code

Article L144-1 of the French Monetary and Financial Code

Article L144-2 of the French Monetary and Financial Code

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Title IV: The Banque de France

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We Solve Legal & Tax Issues in France

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