Section 2: Conditions for admission to the profession

In this subsection and for the application of the provisions relating to freedom of establishment and freedom to provide services : 1° “competent authorities” means the authority or authorities of a Member State of the European Union or of a State party to the Agreement on the European Economic Area responsible, in accordance with the legislation of that State, for authorising or supervising payment institutions which have their registered office…

I. – 1° Any payment institution having its registered office in mainland France, Guadeloupe, French Guiana, Martinique, Reunion Island, Mayotte or Saint-Martin and wishing to carry on business in another Member State of the European Union or party to the Agreement on the European Economic Area under the freedom of establishment or the freedom to provide services shall notify the Autorité de contrôle prudentiel et de résolution of its plans….