Chapter I: Brokers.

No one may be registered as a sworn goods broker on more than one Court of Appeal list.

Persons registered on the lists of sworn brokers mentioned in article L. 131-12 may, in the activities reserved for these brokers, refer to their status as “courtier de marchandises assermenté près la cour d’appel de” followed by the professional speciality(ies) under which they are registered. Sworn brokers of goods admitted to honorary status may continue to use their title provided that it is followed by the word “honoraire”.

Any person, other than those mentioned in Article L. 131-18, who has used one of the names referred to in that same article shall be liable to the penalties provided for in Article 433-17 of the Penal Code. The same penalties apply to anyone who uses a name intended to create confusion in the mind of the public with the names mentioned in article L. 131-18 of this code.

In addition to their role as sworn goods brokers, brokers may carry out their usual activities, such as commission, brokerage, commercial agency and consignment of goods, either on a personal basis or through a company. When carrying out these activities, they must clearly indicate that they are not acting as a sworn broker.

On being entered on the list drawn up by the Court of Appeal, the stockbroker takes an oath before that court to perform the duties of his office with honour and probity.

A sworn broker may be struck off the list drawn up by the Court of Appeal either following a voluntary resignation or by disciplinary action. His registration lapses if he ceases to carry on the personal business of brokering the goods covered by the professional speciality for which he is registered or if, specialising in a branch of activity for which the requirement to renew the technological examination has been…