Where a banking and payment services intermediary carries out intermediation activities in more than one of the categories mentioned in I of Article R. 519-4, he must demonstrate that he meets the highest capacity requirements laid down for those categories.
Proof of the professional competence referred to in articles R. 519-8, R. 519-9 and R. 519-10 must be provided by presenting one of the following documents, as appropriate: a) Diploma ; b) Training certificate and booklet for the persons mentioned in articles R. 519-8 and R. 519-9 as well as R. 519-11-1 and R. 519-11-2 ; c) Training certificate for the persons mentioned in article R. 519-10 ; d) Certificate…
Any person referred to in I and III of article R. 519-4 shall ensure that its staff meet the conditions of professional competence set out in articles R. 519-8, R. 519-9 and R. 519-10 and applicable to itself, before carrying out any intermediation activity. Staff are defined as the natural persons who work for intermediaries and who directly carry out the intermediation or advisory activity referred to in article L….
The banking and payment services intermediaries referred to in I and III of article R. 519-4 shall ensure that their staff who carry out credit intermediation activities referred to in article L. 313-1 of the French Consumer Code comply with the continuing education requirements set out in article L. 314-24 of the said Code, in accordance with the conditions set out in articles D. 314-25 and D. 314-26 of the…
Credit institutions, finance companies, electronic money institutions that provide payment services, payment institutions, participative finance intermediaries, insurance companies in the context of their lending activities and management companies in the context of their AIF management activities referred to in Article L. 511-6 that appoint a banking and payment services intermediary on an exclusive basis shall monitor the intermediary’s activities to ensure that he complies with the requirements in terms of…
I. – The civil liability insurance policy taken out by a bank and payment services intermediary pursuant to article L. 519-3-4 shall include cover for an amount that may not be less than a level set by an order of the Minister for the Economy. These guarantees take effect on 1 March for a period of twelve months. The contract is tacitly renewed on 1st January of each year. II….
I. – The guarantee provided for in article L. 519-4 is triggered by the default of the intermediary in banking transactions and payment services, without the guarantor being able to claim the benefit of discussion or division from the creditor. Default by the guaranteed party is deemed to have occurred one month after the date of receipt by the guaranteed party of a registered letter demanding payment of the sums…
The financial guarantee ceases if the guarantor’s undertaking is terminated on its expiry date. It also ceases on the death or cessation of activity of the guaranteed person or, in the case of a legal entity, on the dissolution of that entity. Under no circumstances may the guarantee cease before the expiry of a period of three clear days from the date on which the body referred to in article…
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75001, Paris France
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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