Chapter IX: Banking and payment services intermediaries

For the purposes of Article L. 519-1, any person who solicits or obtains the customer’s agreement to a banking transaction or payment service or who explains orally or in writing to a potential customer the terms and conditions of a banking transaction or payment service, with a view to carrying it out or providing it, shall be deemed to be making a presentation, offering or assisting in the conclusion of…

In addition to the persons mentioned in II of Article L. 519-1 and in Article L. 519-3, the following are not intermediaries in banking transactions and payment services within the meaning of Article L. 519-1 and are not subject to the obligations mentioned in this chapter 1° Persons offering intermediation services in banking transactions and payment services that complement the products or services provided as part of their professional activity,…

For the purposes of calculating the thresholds referred to in 1° of Article R. 519-2, the number and amount of banking transactions or payment services do not include transactions in the form of an overdraft facility repayable within one month, credit transactions with a repayment period not exceeding three months which are not subject to interest or charges or which are subject to charges of a negligible amount, or loans…

I. – The banking and payment services intermediaries referred to in Article L. 519-1 comprise the following categories: 1° Brokers in banking transactions and payment services, registered in the Trade and Companies Register for the activity of brokerage in banking transactions and payment services, who carry out intermediation under a mandate from the customer, to the exclusion of any mandate from a credit institution, a finance company, a payment institution,…

I. – The remuneration provided for in I of Article L. 519-1 must be understood as any pecuniary payment or any other form of agreed economic benefit linked to the intermediation service. II. – The remuneration allocated for the intermediation activity may only be paid in full or in part to one of the intermediaries mentioned in I or III of article R. 519-4. The above provision does not preclude…