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Chapter VI: Credit and investment institutions

Article L516-1 of the French Monetary and Financial Code

Credit and investment institutions are credit institutions whose purpose is to provide, within the framework of an authorisation provided for in I of article L. 532-1, investment services mentioned in article L. 321-1, including at least one of those mentioned in 3, 6-1 and 6-2 of that same article.

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Article L516-2 of the French Monetary and Financial Code

Credit and investment institutions are not authorised to receive repayable funds from the public as referred to in article L. 312-2 or to carry out credit transactions, except to provide the service referred to in point 2 of article L. 321-2 under conditions relating to the capital of the institutions, the beneficiaries, the purpose of the loans and their contractualisation, specified by order of the Minister for the Economy.

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