Chapter IV: Money changers

The following do not constitute the practice of the profession of bureau de change: 1. The activity of manual foreign exchange by the persons referred to in Article L. 561-2, other than those referred to in 1°, 1° bis, 1° ter, 5° and 7° of Article L. 561-2, where the sum of their currency purchase and sale transactions does not exceed the equivalent of 100,000 euros over the course of…

I. – For the purposes of c of I of article L. 524-3, the beneficial owner(s) is (are) the natural person(s) defined in accordance with the provisions of article R. 561-1. II. – The managers and beneficial owners referred to in c of I of Article L. 524-3 shall provide evidence of their competence to the Autorité de contrôle prudentiel et de résolution in one of the following ways: –…