The authorisation referred to in Article 8 of L. 511-6 is issued by the Autorité de contrôle prudentiel et de résolution in accordance with the provisions of this sub-section.
I. – In granting its authorisation, the Autorité de contrôle prudentiel et de résolution takes into account the programme of activities of the third-party financing company, its organisation, the management rules and the technical and financial resources that it plans to implement to ensure sound and prudent management of the credit transactions that it carries out and manages. The AMF also assesses the applicant financial intermediary’s ability to achieve its…
The directors of the third-party financing company referred to in Article 8 of Article L. 511-6 must be of good repute and have the competence and experience required for their duties. The AMF assesses compliance with this condition under conditions set by order of the Minister for the Economy.
The initial paid-up capital of the société de tiers-financement referred to in Article L. 511-6 (8) may not be less than €2 million.
As part of their lending activity, sociétés de tiers-financement are subject to the following obligations: 1° Include energy-efficiency home loans in their statutory purpose, in accordance with the authorisation given to them, pursuant to article R. 518-70; 2° Set up an internal control system for their lending activity, which must include rules for selecting and monitoring risks, separation of decision-making and control functions, signature by a duly authorised person for…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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