Section I: Organisation and powers.

The powers of the Comité Consultatif du Secteur Financier are set out in Article L. 614-1 of the Monetary and Financial Code, which reads as follows: “Art. L. 614-1 -The Comité Consultatif du Secteur Financier is responsible for studying issues relating to relations between credit institutions, finance companies, electronic money institutions, payment institutions, investment firms and insurance companies, on the one hand, and their respective customers, on the other, and…

The powers of the Comité Consultatif de la Législation et de la Réglementation Financières are set out in Article L. 614-2 of the Monetary and Financial Code, which reads as follows: “Art. L. 614-2 -The Consultative Committee on Financial Legislation and Regulation shall be consulted by the Minister for the Economy on any draft law or ordinance and on any proposed regulation or directive of the European Community before it…

The rules governing employee members of advisory committees are set out in Article L. 614-3 of the Monetary and Financial Code, which is reproduced below: “Art. L. 614-3 -Employee members of the Comité consultatif du secteur financier or the Comité consultatif de la législation et de la réglementation financières are entitled to the time required to prepare, attend and participate in meetings. This time is treated as actual work for…