French Business Law - French Legislation

Article R512-16 of the French Monetary and Financial Code

November 6, 2023

Funds allocated to the Regional Mutual Credit Banks by the central body of Crédit Agricole, either as advances for their own loans or advances, or for loans granted through them by the central body of Crédit Agricole, are made available to them upon presentation of evidence of their needs and may only be used to carry out transactions for which they have obtained the agreement of the central body of…

Article R512-17 of the French Monetary and Financial Code

November 6, 2023

The Regional Mutuals shall repay to the central body the advances granted to them by the central body as and when they obtain repayment of the loans granted with the aid of these advances and at the latest within the time limit set when each advance was granted.

Article R512-18 of the French Monetary and Financial Code

November 6, 2023

The Crédit Agricole network comprises the central body, the Regional Banks and the Local Banks referred to in Articles L. 512-34 and L. 512-35. Credit institutions and finance companies that are controlled directly or indirectly, exclusively or jointly within the meaning of article L. 233-16 of the French Commercial Code by one or more institutions belonging to the Crédit Agricole network may also be affiliated to it, by decision of…

Article R512-19 of the French Monetary and Financial Code

November 6, 2023

The Crédit Mutuel network comprises the Confédération Nationale du Crédit Mutuel and the caisses de Crédit Mutuel, made up of local caisses and the departmental and interdepartmental caisses referred to in Article L. 512-55 . Credit institutions and finance companies controlled directly or indirectly, exclusively or jointly within the meaning ofArticle L. 233-16 of the Commercial Code by one or more members of the Crédit Mutuel network may also be…

Article R512-20 of the French Monetary and Financial Code

November 6, 2023

The caisses de crédit mutuel must justify their objectives in accordance with the general principles of Crédit Mutuel and in particular be non-profit making, limit their activity to a specific territorial area or to a homogeneous group of members, and establish the responsibility of the members. Members of the Crédit Mutuel network must undertake to comply with the articles of association, internal regulations, instructions and decisions of the Confédération Nationale…

Article R512-21 of the French Monetary and Financial Code

November 6, 2023

The Confédération nationale du crédit mutuel draws up and keeps up to date the list of caisses, credit institutions and finance companies affiliated to it. The Board of Directors of the Confédération nationale du crédit mutuel may only decide to include a credit union, credit institution or finance company on the list if the conditions set out in Article R. 512-20 are met and the inclusion requested is compatible with…

Article R512-22 of the French Monetary and Financial Code

November 6, 2023

The decisions of the Board of Directors of the Confédération nationale du crédit mutuel shall state the reasons on which they are based and shall specify, where applicable, the conditions and deadlines for their application. They are subject to appeal.

Article R512-23 of the French Monetary and Financial Code

November 6, 2023

Only caisses registered on the list provided for in article R. 512-21 may use the designation Caisse de crédit mutuel and include this designation in their name, company name or advertising, and use it in any way whatsoever in their business.

Article R512-24 of the French Monetary and Financial Code

November 6, 2023

The Board of Directors of the Confédération Nationale du Crédit Mutuel may impose one of the following sanctions on a member of the Crédit Mutuel who breaches the regulations in force: 1° A warning ; 2° a reprimand 3° Removal from the list provided for in article R. 512-21.

Article R512-25 of the French Monetary and Financial Code

November 6, 2023

Members of the Crédit Mutuel network are notified of the sanctions to which they are liable and invited to express their observations or to be represented at the meeting of the Confédération Nationale du Crédit Mutuel at which their case will be examined. The Board of Directors of the Confédération decides on sanctions by a two-thirds majority of the members present. Sanction decisions are substantiated, brought to the attention of…

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French Monetary and Financial Code

Article R512-16 of the French Monetary and Financial Code

Article R512-17 of the French Monetary and Financial Code

Article R512-18 of the French Monetary and Financial Code

Article R512-19 of the French Monetary and Financial Code

Article R512-20 of the French Monetary and Financial Code

Article R512-21 of the French Monetary and Financial Code

Article R512-22 of the French Monetary and Financial Code

Article R512-23 of the French Monetary and Financial Code

Article R512-24 of the French Monetary and Financial Code

Article R512-25 of the French Monetary and Financial Code

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French Monetary and Financial Code

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