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Article L526-36 of the French Monetary and Financial Code

Article L. 232-1 of the French Commercial Code is applicable to electronic money institutions under conditions set by the Autorité des normes comptables (French accounting standards authority), after consulting the Comité consultatif de la législation et de la réglementation financières (consultative committee for financial legislation and regulation).

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Article L526-37 of the French Monetary and Financial Code

When preparing their accounts in consolidated form, electronic money institutions shall apply the rules defined by regulation of the Autorité des normes comptables (French Accounting Standards Authority), issued after obtaining the opinion of the Comité consultatif de la législation et de la réglementation financières (Advisory Committee on Financial Legislation and Regulation). They are exempt from complying with these rules when they use the international accounting standards adopted by Regulation (EC)…

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Article L526-38 of the French Monetary and Financial Code

All electronic money institutions shall publish their annual accounts in accordance with the conditions laid down by the Autorité des normes comptables after obtaining the opinion of the Comité consultatif de la législation et de la réglementation financières. The Autorité de contrôle prudentiel et de résolution shall ensure that the publications provided for in the first paragraph are made on a regular basis. It may order the electronic money institution…

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Article L526-40 of the French Monetary and Financial Code

Where they carry out other activities pursuant to Article L. 526-3, electronic money institutions shall prepare separate accounting information relating to the activities of issuing and managing electronic money and to related operational services or services closely linked to the issuing and management of electronic money mentioned in Article L. 526-2, in accordance with the rules defined by regulation of the Autorité des normes comptables (French Accounting Standards Authority), adopted…

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Article L531-1 of the French Monetary and Financial Code

Investment services providers are investment firms, portfolio management companies and credit institutions authorised to provide the investment services referred to in Article L. 321-1. The provision of related services within the meaning of Article L. 321-2 is unrestricted, subject to compliance with the laws and regulations in force applicable to each of these services. The provision of such services alone does not entitle the client to the status of investment…

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Article L531-2 of the French Monetary and Financial Code

The following may provide investment services within the limits of the legislative provisions which, where applicable, govern them, without being subject to the authorisation procedure provided for in Article L. 532-1 but without being able to claim the benefit of the provisions of Articles L. 532-16 to L. 532-27: 1° a) The French State, the Caisse de la dette publique and the Caisse d’amortissement de la dette sociale ; b)…

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Article L531-4 of the French Monetary and Financial Code

Investment firms are legal entities, other than portfolio management companies and credit institutions, which are authorised to provide the investment services referred to in Article L. 321-1 on a regular professional basis. The investment firms defined in the previous paragraph may be: 1° A class 1 bis investment firm, authorised to provide any of the investment services mentioned in 3, 6-1 or 6-2 of article L. 321-1, which is not…

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