Within a period set by regulation following receipt of the application or, if the application is incomplete, within the same period following receipt of all the information required for the purposes of the decision, the Autorité de contrôle prudentiel et de résolution shall notify the applicant of its decision.
The payment institution must comply with the conditions of its authorisation at all times. The Autorité de contrôle prudentiel et de résolution must be notified of any change in the conditions governing the authorisation granted to a payment institution that affects the accuracy of the information and supporting documents provided for the implementation of the provisions of II of Article L. 522-6. An order issued by the Minister for the…
With the exception of transactions carried out within a group, within the meaning of Article L. 233-3 of the Commercial Code, any acquisition, extension or disposal of a direct or indirect holding, within the meaning of Article L. 233-4 of the same code, in a payment institution is subject to prior authorisation by the Autorité de contrôle prudentiel et de résolution. Without prejudice to the penalties that may be imposed…
I. – Withdrawal of authorisation as a payment institution shall be decided by the Autorité de contrôle prudentiel et de résolution at the request of the institution. It may also be decided ex officio by the Autorité de contrôle prudentiel et de résolution if the institution : a) Does not make use of the authorisation within a period of twelve months or has ceased to carry on business for a…
I. – The Autorité de contrôle prudentiel et de résolution may issue a simplified payment institution authorisation when the total amount of payment transactions forecast does not exceed a ceiling set by decree. Before providing payment services, the payment institutions referred to in the first paragraph must obtain authorisation, which is granted by the Autorité de contrôle prudentiel et de résolution after receiving the opinion of the Banque de France…
I. – Before providing the account information service referred to in 8° of II of Article L. 314-1, providers of account information services shall submit an application for registration to the Autorité de contrôle prudentiel et de résolution, together with the information defined by order. II. – Before registering an account information service provider, the Autorité de contrôle prudentiel et de résolution shall verify that the provider meets the requirements…
I. – The Autorité de contrôle prudentiel et de résolution shall withdraw the registration at the request of the account information service provider or ex officio if it : a) Does not make use of the registration within a period of twelve months or has ceased to carry on business for a period of more than six months ; b) has obtained registration by means of false declarations or by…
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….
Payment institutions are required to comply with management standards designed to ensure their solvency and the balance of their financial structure. They must also have an adequate internal control system enabling them in particular to measure the risks and profitability of their activities, including when they entrust essential or important operational functions or other tasks to third parties. They must maintain an adequate level of own funds. The conditions for…
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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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