Article R519-51 of the French Monetary and Financial Code
November 5, 2023
I.-The association shall set up a committee responsible for imposing the sanctions mentioned in the first paragraph of II of article L. 519-13 and in article L. 513-14 on its members. This committee must guarantee its independence and impartiality. It has at least three members, as follows: 1° One third of its members must be qualified individuals appointed for their expertise in banking and payment services and who are independent…
