Chapter IX: Banking and payment services intermediaries

The diploma mentioned in 1° of articles R. 519-8, R. 519-9 and R. 519-10 certifies training in at least one of the following subjects: finance, banking, management, economics, law or insurance. A business diploma awarded on completion of a Level I higher education course may also be taken into account. If acquired in France, it is registered in the National Register of Professional Certifications mentioned in article L. 6113-5 of…

Where the professional training or experience required under articles R. 519-8, R. 519-9 and R. 519-10 is acquired in another Member State of the European Union or in another State party to the Agreement on the European Economic Area, it shall be supplemented by a three-month adaptation period completed under the responsibility of a bank and payment services intermediary, a credit institution or a finance company, during which twenty-eight hours…

The intermediaries referred to in III of article R. 519-4 complete their level of knowledge and skills with twenty hours of professional training, the programme for which is defined by order of the Minister for the Economy.

I.-Banking and payment services intermediaries within the meaning of Article L. 519-1 and their staff update their professional knowledge and skills, as part of ongoing training, through professional training of sufficient duration appropriate to their activities, taking particular account of changes in the applicable legislation or regulations. This training is provided by : 1° A credit institution or finance company, a payment institution, an electronic money institution that provides payment…

I. The purpose of the professional training referred to in articles R. 519-8, R. 519-9 and R. 519-10 and the ongoing training referred to in article R. 519-11-3 is to enable intermediaries to acquire legal, economic and financial skills prior to engaging in their activity and to maintain these skills during their activity. To this end, a programme of the training courses referred to in articles R. 519-8, R. 519-9…

Where a banking and payment services intermediary carries out intermediation activities in more than one of the categories mentioned in I of Article R. 519-4, he must demonstrate that he meets the highest capacity requirements laid down for those categories.

Proof of the professional competence referred to in articles R. 519-8, R. 519-9 and R. 519-10 must be provided by presenting one of the following documents, as appropriate: a) Diploma ; b) Training certificate and booklet for the persons mentioned in articles R. 519-8 and R. 519-9 as well as R. 519-11-1 and R. 519-11-2 ; c) Training certificate for the persons mentioned in article R. 519-10 ; d) Certificate…

Any person referred to in I and III of article R. 519-4 shall ensure that its staff meet the conditions of professional competence set out in articles R. 519-8, R. 519-9 and R. 519-10 and applicable to itself, before carrying out any intermediation activity. Staff are defined as the natural persons who work for intermediaries and who directly carry out the intermediation or advisory activity referred to in article L….

The banking and payment services intermediaries referred to in I and III of article R. 519-4 shall ensure that their staff who carry out credit intermediation activities referred to in article L. 313-1 of the French Consumer Code comply with the continuing education requirements set out in article L. 314-24 of the said Code, in accordance with the conditions set out in articles D. 314-25 and D. 314-26 of the…

Credit institutions, finance companies, electronic money institutions that provide payment services, payment institutions, participative finance intermediaries, insurance companies in the context of their lending activities and management companies in the context of their AIF management activities referred to in Article L. 511-6 that appoint a banking and payment services intermediary on an exclusive basis shall monitor the intermediary’s activities to ensure that he complies with the requirements in terms of…