Subsection 2: Verification of the conditions governing admission to the profession

The association verifies that the staff of its members subject to the requirement of good repute referred to in articles L. 500-1, L. 519-3-3 and R. 519-6 meet this requirement. To this end, any person applying for membership or renewal thereof shall provide the Association each year with an updated list of the staff concerned, indicating the surnames, first names and functions of the corresponding employees. It must certify that…

The association shall ensure that its members comply with the obligation to take out the professional indemnity insurance referred to in Article L. 519-3-4. In particular, it verifies that this contract, where required, covers the activities carried out by their members as intermediaries in banking and payment services and that it meets the conditions set out in I and II of article R. 519-16. To this end, each member shall…

The association shall check that its members comply with the obligation to take out a financial guarantee as set out in article L. 519-4. It shall ensure that the amount of the guarantee referred to in article R. 519-17 is calculated in accordance with the applicable regulations and that it covers the reimbursement of funds actually collected by its members. To this end, each member shall provide the association with…