French Business Law - French Legislation

Article D133-1 of the French Monetary and Financial Code

November 6, 2023

For the purposes of Article L. 133-6, where a specific payment instrument is used to give consent, the payer and the payment service provider may agree spending limits for payment transactions executed with that payment instrument. If the deposit account agreement or the payment services framework contract so provides, the payment service provider may reserve the right to block the payment instrument for objectively justified reasons relating to the security…

Article D133-2 of the French Monetary and Financial Code

November 6, 2023

For the purposes of Article L. 133-9, the payment service provider may set a cut-off time close to the end of a business day after which any payment order received is deemed to have been received on the next business day.

Article D133-3 of the French Monetary and Financial Code

November 6, 2023

Where a payment service user has used the means made available to him by his payment service provider in accordance with II of Article L. 133-15 to inform him of the loss, theft or misappropriation of his payment instrument, the payment service provider shall provide the customer, at the latter’s request and for a period of eighteen months from the date on which the customer informed the payment service provider,…

Article D133-4 of the French Monetary and Financial Code

November 6, 2023

Where the liability of a payment service provider under Article L. 133-22 is attributable to another payment service provider or an intermediary, the said payment service provider or intermediary shall compensate the first payment service provider for any losses suffered or sums paid pursuant to the same Article. This compensation shall apply in the event that one of the payment service providers does not use strong customer authentication. Additional financial…

Article D133-5 of the French Monetary and Financial Code

November 6, 2023

For the purposes of II of Article L. 133-26, a payment incident is any rejection of a payment order received by the payer’s payment service provider due to a lack of funds or insufficient funds, regardless of the means of payment used.

Article D133-6 of the French Monetary and Financial Code

November 6, 2023

For payment incidents other than the rejection of a cheque, the charges levied by the payer’s payment service provider in respect of an incident may not exceed the amount of the rejected payment order, subject to a ceiling of €20. The charges levied by the payer’s payment service provider in respect of a payment incident include all sums invoiced by the payer’s payment service provider to the account holder, regardless…

Article D133-7 of the French Monetary and Financial Code

November 6, 2023

A payment instrument is considered to be reserved for small-value payments when the deposit account agreement or the framework contract for payment services relating to that instrument specifies : – it can be used exclusively for payment transactions not exceeding €30 each; – or that it has a spending limit of €150 ; – or that it cannot store more than €150.

Article D133-8 of the French Monetary and Financial Code

November 6, 2023

The audit report provided for in Article 3 of Commission Delegated Regulation (EU) No 2018/389 of 27 November 2017 shall be communicated annually to the Autorité de contrôle prudentiel et de résolution in accordance with the procedures laid down by instruction of the Autorité. Where payment service providers managing accounts have set up a dedicated interface under the conditions provided for in Article 32 of the same Delegated Regulation, the…

Article D133-9 of the French Monetary and Financial Code

November 6, 2023

The notification referred to in Article 33(3) of Commission Delegated Regulation (EU) No 2018/389 of 27 November 2017 shall be made to the Autorité de contrôle prudentiel et de résolution, in accordance with the procedures laid down by instruction of the Autorité, by payment service providers managing accounts which have set up a dedicated interface under the conditions provided for in Article 32 of the same Delegated Regulation.

Article D133-10 of the French Monetary and Financial Code

November 6, 2023

The exemption from the obligation to set up an emergency mechanism for payment service providers that have a dedicated interface meeting all the conditions mentioned in Article 33(6) of Commission Delegated Regulation (EU) No 2018/389 of 27 November 2017 is issued by the Autorité de contrôle prudentiel et de résolution, after receiving the opinion of the Banque de France underArticle L. 521-8 of the Monetary and Financial Code. Payment service…

Call Us + 33 1 84 88 31 00

Call Us + 33 1 84 88 31 00

Chapter III: Rules applicable to other payment instruments

Article D133-1 of the French Monetary and Financial Code

Article D133-2 of the French Monetary and Financial Code

Article D133-3 of the French Monetary and Financial Code

Article D133-4 of the French Monetary and Financial Code

Article D133-5 of the French Monetary and Financial Code

Article D133-6 of the French Monetary and Financial Code

Article D133-7 of the French Monetary and Financial Code

Article D133-8 of the French Monetary and Financial Code

Article D133-9 of the French Monetary and Financial Code

Article D133-10 of the French Monetary and Financial Code

Contact a French lawyer now

Contact a French Business Lawyer

Do you need French-law advice?
Contact our Lawyers in France.

Call + 33 1 84 88 31 00.

Our attorneys will contact you promptly within 24h. All information exchanged through this website will be communicated to attorneys only, and will remain confidential.

We Solve Legal & Tax Issues in France

Chapter III: Rules applicable to other payment instruments

Contact a French lawyer now

Contact a French Business Lawyer

Do you need French-law advice? Contact our Lawyers in France.

Our attorneys will contact you promptly within 24h. All information exchanged through this website will be communicated to attorneys only, and will remain confidential.

We Solve Legal & Tax Issues in France

Useful links

You have a question in French Business Law?

Do you need French-law advice?
Contact our Lawyers in France.