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French Monetary and Financial Code

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Article L533-26 of the French Monetary and Financial Code

November 7, 2023

I. – The persons who effectively manage the business of the firm within the meaning of Article L. 532-2 .4 and the members of the board of directors, the supervisory board, the management board or any other body exercising equivalent functions within an investment firm must devote sufficient time to the performance of their duties. II – Where the investment firm is of significant importance by virtue of its size,…

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Article L533-27-1 of the French Monetary and Financial Code

November 7, 2023

Investment firms shall ensure that all loans granted to members of the board of directors, the supervisory board or any other body exercising equivalent supervisory functions or to their related parties are appropriately documented and made available to the Autorité de contrôle prudentiel et de résolution upon request. For the purposes of the previous paragraph, a related party may be : 1° A spouse, a partner linked by a civil…

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Article L533-29 of the French Monetary and Financial Code

November 7, 2023

Investment firms shall have: 1° Sound governance arrangements including, in particular, a clear organisation ensuring a well-defined, transparent and consistent division of responsibilities, effective procedures for identifying, managing, monitoring and reporting the risks to which they are or may be exposed, or the risks that they impose or may impose on others; 2° Adequate internal control arrangements, including sound administrative and accounting procedures; 3° Remuneration policies and practices enabling sound…

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Article L533-29-1 of the French Monetary and Financial Code

November 7, 2023

I.-Investment firms shall have robust strategies, policies, processes and systems in place to identify, measure, manage and monitor the following: 1° The significant causes and effects of risks to clients and any significant impact on own funds; 2° The significant causes and effects of risks to the market and any significant impact on own funds; 3° The significant causes and effects of risks to the investment firm, in particular those…

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Article L533-29-2 of the French Monetary and Financial Code

November 7, 2023

The board of directors, the supervisory board or any other body exercising equivalent supervisory functions and the persons referred to in Article L. 532-2(4) must devote sufficient time to carrying out the duties referred to in Article L. 533-29-1 and must allocate sufficient resources to managing all the significant risks to which the investment firm is exposed.

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Article L533-29-3 of the French Monetary and Financial Code

November 7, 2023

I.-Investment firms and investment holding companies with a branch or subsidiary that is a financial institution within the meaning of Article 4(1), point 26 of Regulation (EU) No 575/2013 in a Member State or in a third country other than the one in which they have been granted authorisation shall publish once a year, in the notes to their annual accounts or, where applicable, to their consolidated annual accounts or…

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Article L533-30 of the French Monetary and Financial Code

November 7, 2023

The remuneration policy of investment firms applies to categories of staff, in particular the persons mentioned in Article L. 533-25, risk-takers and any employee receiving total remuneration at least equal to the lowest remuneration received by the person mentioned in 1° or 2° of Article L. 533-25 or the risk-takers, whose professional activities have a significant impact on the risk profile of the investment firm or the assets it manages….

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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