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

Electronic money issuers may, within the limits of their authorisation, use the services of one or more persons to distribute electronic money on their behalf and carry out the following activities: 1° Putting electronic money into circulation, including reloading electronic money ; 2° Redemption of electronic money. In the absence of a separate cash office supplied by the electronic money issuer for the purpose of carrying out the operations mentioned…

I. – Electronic money issuers that use one or more persons to distribute electronic money within the meaning of Article L. 525-8 shall comply with the regulatory provisions relating to outsourcing. II. – Where an electronic money institution having its registered office in mainland France, Guadeloupe, French Guiana, Martinique, Reunion Island, Mayotte or Saint-Martin wishes to use one or more persons to distribute electronic money within the meaning of Article…

Electronic money issuers shall ensure that the persons referred to in Article L. 525-8 provide customers and the public, by any appropriate means and in a visible and legible manner, with information relating to the corporate name, address and trading name of the electronic money issuer.

Notwithstanding any clause to the contrary, electronic money issuers remain liable to electronic money holders for electronic money distributed by the persons referred to in Article L. 525-8.

For the purposes of Articles L. 511-33, L. 526-35, L. 571-4 and L. 572-17, the persons mentioned in Article L. 525-8 are treated in the same way as persons employed by electronic money issuers.

The conditions for the application of this section are laid down by order of the Minister for the Economy.