French Business Law - French Legislation

Article L141-3 of the French Monetary and Financial Code

November 8, 2023

The Banque de France is prohibited from authorising overdrafts or granting any other type of credit to the Treasury or any other public body or company. The direct acquisition by the Banque de France of their debt securities is also prohibited. Agreements drawn up between the State and the Banque de France specify, where applicable, the terms of repayment of advances granted to the Treasury by the Banque de France…

Article L141-4 of the French Monetary and Financial Code

November 8, 2023

I. – The Banque de France shall ensure the smooth operation and security of payment systems within the framework of the task of the European System of Central Banks relating to the promotion of the smooth operation of payment systems provided for in Article 105(2) of the Treaty establishing the European Community. The effectiveness against third parties and the enforcement of the rights of the national central banks which are…

Article L141-5 of the French Monetary and Financial Code

November 8, 2023

Pursuant to Article 106(I) of the Treaty establishing the European Community, which grants the European Central Bank the exclusive right to authorise the issue of banknotes in the Community, the Banque de France has the exclusive right to issue legal tender banknotes in mainland France. The Banque de France must pay the French State the balance of franc-denominated banknotes withdrawn from circulation and not presented at its counters. The Banque…

Article L141-5-1 of the French Monetary and Financial Code

November 8, 2023

The Banque de France works with the High Council for Financial Stability to ensure the stability of the financial system. It contributes to the implementation of the decisions of the High Council.

Article L141-6 of the French Monetary and Financial Code

November 8, 2023

I. – The Banque de France is authorised to obtain information from credit institutions, finance companies, electronic money institutions, participative finance intermediaries, the undertakings referred to in II of Article L. 511-7 and Articles L. 521-3, L. 525-4 and L. 525-5, payment institutions, investment firms, UCITS, AIFs covered by paragraphs 1, 2 and 6 of sub-section 2, paragraph 2 or sub-paragraph 1 of paragraph 1 of sub-section 3, and sub-section…

Article L141-6-1 of the French Monetary and Financial Code

November 8, 2023

When the Banque de France becomes aware, in the course of its duties, of an emergency situation as defined in Article L. 613-20-5, it shall alert as soon as possible the Autorité de contrôle prudentiel et de résolution and, where applicable, the relevant competent authorities within the meaning of Article 4(1)(40) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013, as well…

Article L141-7 of the French Monetary and Financial Code

November 8, 2023

The Banque de France also carries out other tasks in the public interest. Within this framework, the Banque de France performs services requested by the State or carried out for third parties with the State’s agreement. At the request of the State or with its agreement, the Banque de France may also provide services on behalf of the State or third parties. These services are remunerated in order to cover…

Article L141-8 of the French Monetary and Financial Code

November 8, 2023

The following may hold accounts with the Banque de France: 1. The organisations defined in article L. 511-1; 2. The French Treasury, the Institut d’émission des départements d’outre-mer, the Institut d’émission d’outre-mer and the Caisse des dépôts et consignations; 3. Investment services providers governed by Title III of Book V; 4. Foreign central banks and foreign credit institutions; 5. International financial bodies and international organisations; 6. Under the conditions set…

Article L141-9 of the French Monetary and Financial Code

November 8, 2023

The Banque de France may carry out, on its own behalf and on behalf of third parties, all transactions in gold, means of payment and securities denominated in foreign currencies or defined by a weight of gold. The Banque de France may lend or borrow sums in euros or foreign currencies to foreign banks, institutions or foreign or international monetary organisations. When carrying out these operations, the Banque de France…

Article L142-1 of the French Monetary and Financial Code

November 8, 2023

The Banque de France is a state-owned institution.

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French Monetary and Financial Code

Article L141-3 of the French Monetary and Financial Code

Article L141-4 of the French Monetary and Financial Code

Article L141-5 of the French Monetary and Financial Code

Article L141-5-1 of the French Monetary and Financial Code

Article L141-6 of the French Monetary and Financial Code

Article L141-6-1 of the French Monetary and Financial Code

Article L141-7 of the French Monetary and Financial Code

Article L141-8 of the French Monetary and Financial Code

Article L141-9 of the French Monetary and Financial Code

Article L142-1 of the French Monetary and Financial Code

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French Monetary and Financial Code

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