Title II: Payment service providers, bureaux de change and electronic money issuers

I. – The immediate exchange of banknotes or coins denominated in different currencies constitutes a manual foreign exchange transaction. The acceptance of payment by another means of payment in exchange for cash delivered to a customer, provided that the latter is denominated in a different currency, also constitutes a manual foreign exchange transaction. II. – Foreign exchange dealers are natural or legal persons, other than credit institutions, finance companies, electronic…

I. – Notwithstanding the prohibition laid down in article L. 511-5, bureaux de change may give euros in cash in exchange for travellers’ cheques denominated in euros. II. – Persons carrying on the business of manual foreign exchange on an occasional basis or for limited amounts under the conditions set out in the last paragraph of Article L. 524-1 are required to send the Autorité de contrôle prudentiel et de…

I. – Before commencing business, bureaux de change shall obtain an authorisation issued by the Autorité de contrôle prudentiel et de résolution, which shall verify that the undertaking meets the following requirements: a) It is registered in the Trade and Companies Register ; b) It has paid-up capital or a guarantee from a credit institution, finance company or insurance company for an amount at least equal to a sum set…

Any person who has not received prior authorisation from the Autorité de contrôle prudentiel et de résolution may not engage in the business of manual foreign exchange. Any person who has been subject to the sanction provided for in V of Article L. 561-36-1 is prohibited from carrying on the business of manual foreign exchange or from de jure or de facto managing a company carrying on such a business….

It is forbidden for any company that is not authorised as a manual changer to use a name, company name, advertising or any other process that gives the impression that it is authorised as a manual changer, or to create confusion in this respect.