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Article R519-2 of the French Monetary and Financial Code

November 5, 2023

In addition to the persons mentioned in II of Article L. 519-1 and in Article L. 519-3, the following are not intermediaries in banking transactions and payment services within the meaning of Article L. 519-1 and are not subject to the obligations mentioned in this chapter 1° Persons offering intermediation services in banking transactions and payment services that complement the products or services provided as part of their professional activity,…

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Article R519-3 of the French Monetary and Financial Code

November 5, 2023

For the purposes of calculating the thresholds referred to in 1° of Article R. 519-2, the number and amount of banking transactions or payment services do not include transactions in the form of an overdraft facility repayable within one month, credit transactions with a repayment period not exceeding three months which are not subject to interest or charges or which are subject to charges of a negligible amount, or loans…

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Article R519-4 of the French Monetary and Financial Code

November 5, 2023

I. – The banking and payment services intermediaries referred to in Article L. 519-1 comprise the following categories: 1° Brokers in banking transactions and payment services, registered in the Trade and Companies Register for the activity of brokerage in banking transactions and payment services, who carry out intermediation under a mandate from the customer, to the exclusion of any mandate from a credit institution, a finance company, a payment institution,…

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Article R519-5 of the French Monetary and Financial Code

November 5, 2023

I. – The remuneration provided for in I of Article L. 519-1 must be understood as any pecuniary payment or any other form of agreed economic benefit linked to the intermediation service. II. – The remuneration allocated for the intermediation activity may only be paid in full or in part to one of the intermediaries mentioned in I or III of article R. 519-4. The above provision does not preclude…

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Article R519-6 of the French Monetary and Financial Code

November 5, 2023

The persons referred to in Article L. 519-3-3 must not have been convicted of any of the offences referred to in Article L. 500-1 or banned as provided for in 3° and 7° of the I of Article L. 612-41. Legal entities that are intermediaries in banking and payment services shall ensure that their employees comply with the provisions of the first paragraph above.

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Article R519-7 of the French Monetary and Financial Code

November 5, 2023

I. – The conditions of professional competence set out in articles R. 519-8, R. 519-9 and R. 519-10 apply to the persons referred to in article L. 519-3-3. Where applicable, when an intermediary carries out intermediation in banking transactions and payment services as an ancillary activity to its main professional activity, these conditions of professional competence apply to the natural persons responsible for the intermediation activity within this intermediary. II….

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Article R519-8 of the French Monetary and Financial Code

November 5, 2023

I.-The banking and payment services intermediaries referred to in 1° of the I of article R. 519-4 and their agents referred to in 4° of the same I, where the latter do not carry out intermediation activities in addition to providing a product or service, as well as the intermediaries referred to in 3° of the I of article R. 519-4 and their agents referred to in 4° of the…

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Article R519-9 of the French Monetary and Financial Code

November 5, 2023

I.-The banking and payment services intermediaries referred to in 2° of the I of article R. 519-4 and their agents referred to in 4° of the same I as well as the agents of the banking intermediaries referred to in 1° of the same I when they carry out an intermediation activity in addition to the provision of a product or service, must provide evidence of the professional skills resulting…

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Article R519-10 of the French Monetary and Financial Code

November 5, 2023

I. – The banking and payment services intermediaries referred to in 2° and 3° of the I of article R. 519-4 and their agents referred to in 4° of the same I, carrying out an intermediation activity in addition to providing a product or service as part of their professional activity, must provide evidence of the professional skills resulting from : 1° Either a diploma attesting to a first cycle…

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Article R519-11 of the French Monetary and Financial Code

November 5, 2023

The diploma mentioned in 1° of articles R. 519-8, R. 519-9 and R. 519-10 certifies training in at least one of the following subjects: finance, banking, management, economics, law or insurance. A business diploma awarded on completion of a Level I higher education course may also be taken into account. If acquired in France, it is registered in the National Register of Professional Certifications mentioned in article L. 6113-5 of…

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is a Registered Trademark of
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75001, Paris France
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Paris Bar Registration n° (Toque) C2396

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is a Registered Trademark of
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75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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