Chapter III: Agents

I. – Payment service providers may use the services of one or more agents to carry out payment service activities on their behalf, within the limits of their authorisation. Agents may promote the services provided by payment service providers and be authorised to canvass customers on their behalf under the conditions laid down in Chapter I of Title IV of Book III of this Code. All agents act on the…

Persons engaging in the activity of agent, managing or administering an agent or to whom responsibility for the activity of agent is delegated are subject to the disqualifications mentioned in article L. 500-1. No person may engage in the activity or perform the duties referred to in the preceding paragraph if they have been subject for less than five years to : a) a temporary or permanent ban on exercising…

The commissioning payment service provider shall remain fully liable to third parties for the actions of any agent it has commissioned. The payment service provider shall ensure that its agents comply at all times with the legal and regulatory provisions applicable to them and shall subject them to its internal control system provided for in Article L. 522-14, including its system for combating money laundering and the financing of terrorism.

I. – When a payment service provider, other than a credit institution, with its registered office in mainland France, Guadeloupe, French Guiana, Martinique, Reunion Island, Mayotte or Saint-Martin, wishes to use an agent to provide payment services in another Member State of the European Union or party to the Agreement on the European Economic Area, the procedures set out in I of Article L. 522-13 shall apply. II. – When…

For the purposes of Article L. 511-33, I of Article L. 522-19, Article L. 526-35, the last paragraph of Article L. 571-4 and Article L. 572-7, agents are treated in the same way as persons employed by payment service providers.

Credit institutions may, without being subject to Articles L. 523-1 to L. 523-5, authorise any person exercising another profession to issue money exclusively to their customers who have an account with the characteristics mentioned in Article L. 314-1 opened in their books, against a payment order given with a means of payment associated with the aforementioned account. The credit institution remains fully liable to its customers for the actions of…