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Section 4: Provisions common to investment firms and portfolio management companies relating to professional secrecy

Article L531-12 of the French Monetary and Financial Code

I. – Any member of a board of directors or, as the case may be, of a supervisory board and any person who in any capacity participates in the direction or management of an investment firm or portfolio management company or who is employed by the latter is bound by professional secrecy. Apart from cases where the law so provides, professional secrecy may not be invoked against the Autorité de…

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