French Business Law - French Legislation

Article L511-102 of the French Monetary and Financial Code

November 7, 2023

I. – The Remuneration Committee prepares the decisions that the Board of Directors, the Supervisory Board or any other body exercising equivalent supervisory functions takes concerning remuneration, in particular those that have an impact on risk and risk management in the credit institution or finance company. This committee or, failing that, the board of directors, the supervisory board or any other body exercising equivalent supervisory functions shall carry out an…

Article L511-103 of the French Monetary and Financial Code

November 7, 2023

An order of the Minister for the Economy defines the conditions for application of this sub-section.

Article L511-104 of the French Monetary and Financial Code

November 7, 2023

The State may entrust a permanent mission of public interest to a credit institution or finance company, which may carry out banking transactions relating to this mission under the conditions defined by a decree of the Conseil d’Etat.

Article L511-105 of the French Monetary and Financial Code

November 7, 2023

When they market structured deposits within the meaning of Article L. 312-22 or when they provide advice on these deposits, credit institutions are subject to the provisions of 2°, 3° and 6° of II of Article L. 533-10, Articles L. 533-11 to L. 533-17, article L. 533-19, article L. 533-20, articles L. 533-24 and L. 533-24-1, II and III of article L. 533-29, as well as the provisions of chapter…

Article L512-1 of the French Monetary and Financial Code

November 7, 2023

Mutual and cooperative banks are subject to the rules governing mergers, divisions and contributions of public limited companies set out in Book II of the Commercial Code, even if they are not incorporated in a form governed by that law. However, the provisions of article L. 236-10 of the Commercial Code do not apply to those of these establishments which have not issued securities giving a right to the net…

Article L512-1-1 of the French Monetary and Financial Code

November 7, 2023

The following are exempt from the obligations set out inArticle L. 823-19 of the French Commercial Code: a) Persons and entities affiliated, within the meaning of Article L. 512-92, to a caisse d’épargne et de prévoyance ; b) Persons and entities authorised collectively with a regional or federal caisse or a regional federation within the meaning of Article R. 511-3 ; c) Persons and entities authorised collectively with a mutual…

Article L512-2 of the French Monetary and Financial Code

November 7, 2023

The banques populaires may only carry out transactions with traders, industrialists, manufacturers, craftsmen, boatmasters, commercial companies and members of the liberal professions for the normal exercise of their industry, trade, craft or profession. They are, however, authorised to lend their assistance to their members and to participate in any transactions guaranteed by a mutual guarantee company. They may also receive deposits from any person or company.

Article L512-3 of the French Monetary and Financial Code

November 7, 2023

I. – The capital of banques populaires must be made up of at least seven subscribers. The shares subscribed may be unequal. Members may also subscribe who, without participating in the benefits of the banques populaires, are only entitled to the remuneration of their contributions. The Articles of Association govern the extent and conditions of each member’s liability for the company’s commitments. II. – The capital subscribed may not receive…

Article L512-4 of the French Monetary and Financial Code

November 7, 2023

The banques populaires are subject to the disclosure requirements set out in article L. 515-10.

Article L512-5 of the French Monetary and Financial Code

November 7, 2023

The Articles of Association of each Banque Populaire determine the registered office, the territorial area and the duration of the company. They determine the composition of the capital, the proportion in which each member contributes to its constitution, the method of administration of the company, the number of votes that each member has at general meetings, having regard to the number of shares he holds, and the maximum number of…

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French Monetary and Financial Code

Article L511-102 of the French Monetary and Financial Code

Article L511-103 of the French Monetary and Financial Code

Article L511-104 of the French Monetary and Financial Code

Article L511-105 of the French Monetary and Financial Code

Article L512-1 of the French Monetary and Financial Code

Article L512-1-1 of the French Monetary and Financial Code

Article L512-2 of the French Monetary and Financial Code

Article L512-3 of the French Monetary and Financial Code

Article L512-4 of the French Monetary and Financial Code

Article L512-5 of the French Monetary and Financial Code

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French Monetary and Financial Code

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Contact a French Business Lawyer

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