Subsection 2: Permanent representative

I.-The persons mentioned in 1° quater of Article L. 561-2 shall appoint a permanent representative when one of the following conditions is met: 1° They have recourse on national territory to a number of agents mentioned in Article L. 523-1 or persons mentioned in Article L. 525-8 equal to or greater than ten; 2° The cumulative volume of electronic money in circulation and redeemed or the cumulative value of payment…