Article R519-52 of the French Monetary and Financial Code
November 5, 2023
The trade association referred to in I of article L. 519-11 is a not-for-profit association with its registered office in France.
The trade association referred to in I of article L. 519-11 is a not-for-profit association with its registered office in France.
The professional association does not carry out the tasks of a professional trade union within the meaning of Book I of Part Two of the Labour Code and is not representative in this respect, whatever form it takes, whether federal or integrated.
To be considered as representative within the meaning of I of article L. 519-13, a professional association must have paid-up members representing at least 10% of the total number of professionals subject to compulsory membership, or at least 5% when the association is also recognised as representative under III of article L. 541-4 of this Code or underarticle R. 513-23 of the Insurance Code. The total number of professionals required…
For authorisation under the conditions set out in I of Article L. 519-13, the association submits a file to the Autorité de contrôle prudentiel et de résolution, the composition of which is set by order of the Minister for the Economy.
Based on the information provided in the application, the Autorité de contrôle prudentiel et de résolution will assess whether the association meets the conditions set out in Articles L. 519-11 to L. 519-15 and the provisions of this chapter. If it considers that the application is incomplete, the Autorité de contrôle prudentiel et de résolution will ask the association to provide the additional information it needs to make its decision.
I.-The Autorité de contrôle prudentiel et de résolution (ACPR) shall rule on the application for authorisation within three months of the date of receipt of a complete file. It will notify the association of its decision. If the AMF remains silent at the end of this period, the application for authorisation is deemed to have been accepted. II – The updated list of approved associations may be consulted on the…
No later than 31 July each year, the association shall send the report referred to in II of Article L. 519-13 to the Autorité de contrôle prudentiel et de résolution. This report contains a copy of the balance sheet and profit and loss account for the association’s last financial year. In particular, it describes the activity of its members for the previous calendar year on the basis of the data…
The association shall inform the Autorité de contrôle prudentiel et de résolution without delay of any change in its governance, organisation, articles of association, operating rules or written procedures. It shall also inform the Authority of any change in the information concerning it and, in particular, of any fact likely to have an impact on the conditions to which this authorisation was subject. The Authority will assess the possible effects…
When it intends to withdraw an association’s authorisation, the Autorité de contrôle prudentiel et de résolution will inform the association. It will give the association the reasons for the withdrawal and specify the action required to ensure compliance. The association has a period of one month from receipt of this notification in which to make any observations it may have and bring itself into compliance.
When the Autorité de contrôle prudentiel et de résolution decides to withdraw an association’s authorisation, it shall notify the association of this decision by registered letter or electronic registered letter with acknowledgement of receipt. This decision shall specify the conditions for implementing the withdrawal of authorisation. Withdrawal of authorisation takes effect at the end of a period of three months from the date of notification.
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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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