Article R512-1 of the French Monetary and Financial Code
November 6, 2023
Mutual and cooperative banks, local savings companies and mutual guarantee companies guaranteeing loans granted by a banque populaire, governed by law no. 47-1775 of 10 September 1947 on the status of cooperation, are required to undergo the cooperative audit mentioned in articles 25-1 to 25-5 of this text when the average number of employees at the end of each of two consecutive financial years exceeds fifty; the average number of…
