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Article R519-54 of the French Monetary and Financial Code

To be considered as representative within the meaning of I of article L. 519-13, a professional association must have paid-up members representing at least 10% of the total number of professionals subject to compulsory membership, or at least 5% when the association is also recognised as representative under III of article L. 541-4 of this Code or underarticle R. 513-23 of the Insurance Code. The total number of professionals required…

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