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Preliminary sub-section: Scope and transitional provisions relating to the governance of investment firms

Article L533-24-2 of the French Monetary and Financial Code

Sub-sections 2, 3 and 4 of this section do not apply to class 3 investment firms. Where a class 2 investment firm finds that it qualifies as a class 3 investment firm, subsections 2, 3 and 4 cease to apply to it at the end of a period of six months from the date on which the conditions for qualification as a class 3 investment firm are met. However, subsections…

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