Chapter I: General provisions

I.-Credit institutions are the undertakings defined in point 1 of paragraph 1 of Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013. II. – Finance companies are legal entities, other than credit institutions, which carry out credit transactions on their own behalf and in the course of their regular business under the conditions and within the limits defined by their…

Credit institutions and finance companies may also, under conditions defined by the Minister for the Economy, acquire and hold equity interests after prior authorisation from the Autorité de contrôle prudentiel et de résolution, declaration or notification, as appropriate.

Credit institutions and finance companies may not habitually engage in any activity other than those mentioned in Articles L. 311-1, L. 311-2 and L. 511-2 or governed by the Chapter VIII of Title I of Book III only under conditions defined by the Minister for the Economy. These transactions must, in any event, remain of limited importance in relation to all the usual activities of the institution or company and…

Articles L. 420-1 to L. 420-4 of the French Commercial Code apply to credit institutions and finance companies for their banking and related operations defined in article L. 311-2, to electronic money institutions for the issue and management of electronic money and their operations mentioned in article L. 526-2 as well as to payment institutions for their payment and related services defined in article L. 522-2. Infringements of these provisions…

The credit institutions and finance companies mentioned in this chapter shall indicate in their annual report the amount and characteristics of the loans they finance or distribute as defined in III of article 80 of law no. 2005-32 of 18 January 2005 on social cohesion and benefiting in this respect from public guarantees.

The institutions referred to in this chapter which hold financial futures instruments the underlying interest of which consists wholly or partly of an agricultural commodity shall indicate in their annual report the measures taken to avoid having a significant effect on the price of these agricultural commodities. This report shall include information, by category of underlying, on the financial futures instruments whose underlying consists of an agricultural commodity that they…

Article L. 533-22-1 is applicable to credit institutions and investment firms for their activities of portfolio management on behalf of third parties and investment advice within the meaning of Article L. 321-1.