Subsection 2: Conditions of professional competence.

Within a legal entity, the condition of professional competence laid down in articles R. 512-9, R. 512-10 and R. 512-12 applies to the natural persons who are members or third parties who direct or manage this legal entity, or, where applicable, where the distribution activity is carried on as an ancillary activity to the principal activity, to the natural person or persons, within the management, to whom responsibility for the…

The intermediaries referred to in 1° and 2° of I of article R. 511-2, the credit institutions and finance companies referred to in the same article, and the employees referred to in a and c to f of 5° of the same article who perform the duties of production office managers or who are responsible for managing a production network must provide evidence of : 1° Either a work placement…

I.-Subject to the provisions of articles R. 512-9 and R. 512-12, the intermediaries referred to in 3° and 4° of I of article R. 511-2 and the employees referred to in a and c to f of 5° of the same article must provide proof of : 1° Either a professional training period of a reasonable and sufficient duration, which may not be less than 150 hours. The work placement,…

I-The purpose of the professional training course referred to in articles R. 512-9 and R. 512-10 is to enable trainees to acquire legal, technical, commercial and administrative skills prior to engaging in intermediation activities, as defined in a minimum training programme drawn up by the organisations representing the profession and approved by order of the Minister for the Economy. II – The skills acquired are tested at the end of…

I.-When the intermediaries referred to in 3° or 4° of the I of article R. 511-2 and their employees carry on the business of distribution as an ancillary activity to their main professional activity and present, offer or help to conclude only contracts relating to insurance products constituting a complement to the product or service provided as part of their professional activity and not including civil liability cover, they must…

Where the intermediary carries out distribution activities in more than one of the categories mentioned in I of article R. 511-2, he must demonstrate that he meets the highest capacity requirements laid down for these categories.

I.-The amount of time devoted to the continuing professional training or development mentioned in II of article L. 511-2 may not be less than fifteen hours per year. II -The continuing professional training or development referred to in I may involve face-to-face or distance learning, organised in one or more consecutive or non-consecutive sessions. They may be provided by a training organisation, an insurance or reinsurance undertaking, an insurance or…