French Business Law - French Legislation

Article R515-9 of the French Monetary and Financial Code

November 6, 2023

The Agency’s financial aid abroad is allocated in the States of the priority solidarity zone determined by this committee pursuant toarticle 3 of decree no. 98-66 of 4 February 1998 creating the Interministerial Committee for International Cooperation and Development. They may also be granted : a) On authorisation given by a joint decision of the Minister of Foreign Affairs, the Minister for the Economy and the Minister for Overseas France,…

Article R515-10 of the French Monetary and Financial Code

November 6, 2023

The agency also performs its duties in the French overseas departments and collectivities and in New Caledonia.

Article R515-11 of the French Monetary and Financial Code

November 6, 2023

The agency allocates, in accordance with regulations it draws up, an annual credit delegated to it by the State for the funding of projects proposed by non-governmental organisations. It appraises and evaluates these projects.

Article R515-12 of the French Monetary and Financial Code

November 6, 2023

The agency manages operations financed from the State budget on behalf of and at the risk of the State. The terms of these operations are the subject of specific agreements signed on behalf of the State by the competent minister(s).

Article R515-13 of the French Monetary and Financial Code

November 6, 2023

The agency may represent French or foreign finance companies and credit institutions, as well as the European Union, States or international institutions or bodies under agreements entered into with them. It may also manage operations financed by the European Union, States or international institutions or bodies under agreements concluded with them. The agency may, by agreement, entrust the entities mentioned in the previous paragraph with the management of operations that…

Article R515-14 of the French Monetary and Financial Code

November 6, 2023

The agency’s head office is in Paris. The agency may open representative offices in the French overseas departments and collectivities, in New Caledonia and abroad.

Article R515-15 of the French Monetary and Financial Code

November 6, 2023

At 1 January 2017, the Agency’s endowment amounted to two billion eight hundred and seven million nine hundred and ninety-eight thousand eight hundred and fifty-six euros. This endowment may be increased by the capitalisation of reserves following a decision by the Board of Directors approved by order of the Minister for the Economy. It may also be increased by the allocation of public funds in accordance with the laws and…

Article R515-16 of the French Monetary and Financial Code

November 6, 2023

The management and administration of the agency are entrusted to a Director General appointed for three years by decree. The Director General represents and commits the agency. He appoints the staff and sets the conditions of their employment. He is empowered to delegate any powers necessary for the running of the agency. He exercises the powers delegated to him by the Board of Directors.

Article R515-17 of the French Monetary and Financial Code

November 6, 2023

I. – In addition to its Chairman, the Agency’s Board of Directors comprises seventeen members, appointed as follows: 1° Five members representing the State, including : a) Two members appointed by decree on the report of the Minister for the Economy ; b) Two members appointed by decree on the report of the Minister for Cooperation; and c) One member appointed by decree on the report of the Minister for…

Article R515-18 of the French Monetary and Financial Code

November 6, 2023

The following are submitted to the Agency’s Board of Directors for deliberation: 1° The strategic orientations of the establishment implementing the objectives entrusted to the agency by the State; 2° Approval of the contract of objectives and resources signed with the State; 3° the agreements referred to in article R. 515-12 ; 4° The financial assistance referred to in articles R. 515-9, R. 515-10 and R. 515-11 and the regulations…

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French Monetary and Financial Code

Article R515-9 of the French Monetary and Financial Code

Article R515-10 of the French Monetary and Financial Code

Article R515-11 of the French Monetary and Financial Code

Article R515-12 of the French Monetary and Financial Code

Article R515-13 of the French Monetary and Financial Code

Article R515-14 of the French Monetary and Financial Code

Article R515-15 of the French Monetary and Financial Code

Article R515-16 of the French Monetary and Financial Code

Article R515-17 of the French Monetary and Financial Code

Article R515-18 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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We Solve Legal & Tax Issues in France

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