Call Us + 33 1 84 88 31 00

Chapter II: Overseas application of the provisions of European Union law on monetary and financial matters

Article L712-1 of the French Monetary and Financial Code

Pursuant to the Monetary Agreement between the European Union and the French Republic on the maintenance of the euro in Saint-Barthélemy, following its change of status with regard to the European Union on 12 July 2011, the legal acts and rules of the European Union necessary for the proper functioning of Economic and Monetary Union shall apply as of right, relating to euro banknotes and coins, the prevention of fraud…

Read More »

Article L712-2 of the French Monetary and Financial Code

For the application of the provisions of Books I to VI of this Code in Saint-Barthélemy, subject to the adaptations in this Book:1° The provisions relating to freedom of establishment and freedom to provide services on the territory of States party to the Agreement on the European Economic Area are not applicable;2° References to Member States of the European Union and to the European Union are replaced by references to…

Read More »

Article L712-3 of the French Monetary and Financial Code

For the application to Saint-Barthélemy of the legal acts of the European Union mentioned in article L. 712-1: 1° References to the European Union and the Member States are replaced by references to France; 2° References to the territory of the Union are replaced by references to the territory of the Republic; 3° References to States that are parties to the Agreement on the European Economic Area and to States…

Read More »

Article L712-4 of the French Monetary and Financial Code

The Minister responsible for the economy shall draw up a list of EU regulations on restrictive measures taken in application of Articles 75 or 215 of the Treaty on the Functioning of the European Union which shall be made applicable to Saint-Barthélemy. The measures to freeze assets and prohibit making them available taken on the basis of these regulations or the European implementing regulations taken for their application are implemented…

Read More »

Article L712-5 of the French Monetary and Financial Code

Measures relating to the euro and those necessary for the operation of Economic and Monetary Union, other than those mentioned in Article L. 721-3, are made applicable by regulation to Saint-Pierre-et-Miquelon, in such a way that these measures have the same effects in Saint-Pierre-et-Miquelon as they do in mainland France.

Read More »

Article L712-6 of the French Monetary and Financial Code

For the application of this code in Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia and the Wallis and Futuna Islands, subject to the adaptations in this book :1° The provisions relating to freedom of establishment and freedom to provide services on the territory of the States party to the Agreement on the European Economic Area do not apply;2° References to the Member States of the European Union and to the European Union…

Read More »

Article L712-7 of the French Monetary and Financial Code

I. – The Minister responsible for the economy shall determine, in Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia and the Wallis and Futuna Islands, the conditions of application of the following (EU) regulations, so that these provisions there have identical effects to those produced in mainland France: 1° Regulation No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories ;…

Read More »

Article L712-8 of the French Monetary and Financial Code

The Minister responsible for the economy shall determine the conditions under which regulations or decisions relating to technical regulatory or implementation standards adopted by the European Commission on the basis of the following regulations shall be made applicable to Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia and the Wallis and Futuna Islands:1° Regulation (EU) No 1093/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory…

Read More »

Article L712-9 of the French Monetary and Financial Code

For the application of the regulations mentioned in articles L. 712-7 and L. 712-8 in Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia and the Wallis and Futuna Islands: 1° References to the European Union and the Member States are replaced by references to France; 2° References to the territory of the Union are replaced by references to the territory of the Republic; 3° References to States that are parties to the Agreement…

Read More »

Article L712-10 of the French Monetary and Financial Code

The Minister for Economic Affairs shall draw up a list of EU regulations on restrictive measures taken pursuant to Articles 75 or 215 of the Treaty on the Functioning of the European Union which are applicable to Saint-Pierre-et-Miquelon, New Caledonia, French Polynesia and the Wallis and Futuna Islands. Measures to freeze assets and prohibit making them available taken on the basis of these regulations or the European implementing regulations adopted…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.