Subsection 1: The French Association of Credit Institutions and Investment Firms and other professional bodies

All credit institutions and finance companies are required to join a professional body or a central body affiliated to the Association française des établissements de crédit et des entreprises d’investissement. The purpose of the French Association of Credit Institutions and Investment Firms is to represent the collective interests of credit institutions, finance companies, electronic money institutions, payment institutions, portfolio management companies and investment firms, in particular vis-à-vis the public authorities,…