Subsection 1: Conditions of access and practice

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…