Call Us + 33 1 84 88 31 00

Contact
Get In Touch

Call Us + 33 1 84 88 31 00

Contact
Edit Content
Edit Content

Regulatory part

Make An Appointment

Article R519-17 of the French Monetary and Financial Code

November 5, 2023

I. – The guarantee provided for in article L. 519-4 is triggered by the default of the intermediary in banking transactions and payment services, without the guarantor being able to claim the benefit of discussion or division from the creditor. Default by the guaranteed party is deemed to have occurred one month after the date of receipt by the guaranteed party of a registered letter demanding payment of the sums…

Read More »

Article R519-18 of the French Monetary and Financial Code

November 5, 2023

The financial guarantee ceases if the guarantor’s undertaking is terminated on its expiry date. It also ceases on the death or cessation of activity of the guaranteed person or, in the case of a legal entity, on the dissolution of that entity. Under no circumstances may the guarantee cease before the expiry of a period of three clear days from the date on which the body referred to in article…

Read More »

Article R519-20 of the French Monetary and Financial Code

November 5, 2023

When entering into a relationship, the intermediary in banking transactions and payment services shall provide the customer, including the potential customer, with the following information: 1° Their name or corporate name, their business address or that of their registered office, the category of intermediary to which they belong, their intermediary registration number and the means of verifying this registration. The intermediaries referred to in 4° of I of article R….

Read More »

Article R519-21 of the French Monetary and Financial Code

November 5, 2023

Where the agreement relates to a credit transaction, the intermediary in banking and payment services shall enquire of the customer, including the potential customer, about his knowledge and experience of banking transactions as well as his financial situation and needs, so as to be able to offer him services, contracts or transactions suited to his situation. The intermediary must also obtain from the customer, including the potential customer, information relating…

Read More »

Article R519-22 of the French Monetary and Financial Code

November 5, 2023

The intermediary in banking and payment services shall present to the customer, including the potential customer, the essential characteristics of the service, transaction or contract proposed. Where the agreement relates to a credit transaction, the intermediary must also draw the customer’s attention, including the potential customer’s attention, to the consequences that taking out the agreement could have on the customer’s financial situation and, where applicable, on the assets provided as…

Read More »

Article R519-22-1 of the French Monetary and Financial Code

November 5, 2023

Where the intermediary provides an advisory service as referred to in Article L. 519-1-1, he shall gather the information he needs about his customer’s personal and financial situation, preferences and objectives in order to be able to recommend appropriate contracts. The recommendation shall be based on up-to-date information and on reasonable assumptions as to the risks incurred by the customer during the term of the proposed contract.

Read More »

Article R519-23 of the French Monetary and Financial Code

November 5, 2023

Any information provided by the bank and payment services intermediary pursuant to this section shall be communicated clearly and accurately. The information shall be provided on a durable medium available and easily accessible to the customer or potential customer. Where the intermediary provides an advisory service as referred to in Article L. 519-1-1, he shall communicate to the customer the number of credit agreements examined and the names of the…

Read More »

Article R519-24 of the French Monetary and Financial Code

November 5, 2023

Any correspondence or advertising, regardless of the medium, from an intermediary acting in this capacity shall indicate his name or corporate name, his business address or that of his registered office, his intermediary registration number and the category of intermediary to which he belongs.

Read More »

Article R519-25 of the French Monetary and Financial Code

November 5, 2023

The terms or level of remuneration received by bank and payment services intermediaries for their intermediation activity and the way in which bank and payment services intermediaries remunerate their staff must not run counter to their obligation to act in the best interests of customers or influence the quality of their service provision. Where banking and payment services intermediaries provide an advisory service as referred to in Article L. 519-1-1,…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Do you need French-law advice?
Contact our Lawyers in France.

Call + 33 1 84 88 31 00.

Our attorneys will contact you promptly within 24h. All information exchanged through this website will be communicated to attorneys only, and will remain confidential.

We Solve Legal & Tax Issues in France

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

French Business Law
French Business Lawyers
Resources
Contacts
Linkedin

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

French Business Law
French Business Lawyers

Resources 

Contacts
Linkedin

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

Contacts
Linkedin
French Business Law
French Business Lawyers

Useful links

Copyright @ 2024 French-Business-Law All Rights Reserved

Useful links

Call Us:
+ 33 1 84 88 31 00

Follow us:

Facebook Linkedin

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.