French Business Law - French Legislation

Article R519-46 of the French Monetary and Financial Code

November 5, 2023

The association shall equip itself with the resources it needs to support its members in carrying out their activities and complying with their obligations. It shall put in place an organisation and written procedures enabling it to carry out the tasks referred to in section 4 in accordance with the applicable legal and regulatory provisions. To this end, it shall have at its disposal staff specifically assigned to the performance…

Article R519-47 of the French Monetary and Financial Code

November 5, 2023

The association draws up a code of conduct setting out the rules applicable to its members. This code may be common to one or more approved associations. The association may ask the Autorité de contrôle prudentiel et de résolution to approve this code under the conditions set out in Article L. 612-29-1.

Article R519-48 of the French Monetary and Financial Code

November 5, 2023

In addition to the committee provided for in article R. 519-51, the association’s articles of association set up a general meeting and a board of directors. These articles of association lay down the composition and powers of these bodies and the procedures for representing the association in dealings with third parties. The association ensures that the diversity of its members is represented, particularly in the composition of its governing bodies.

Article R519-49 of the French Monetary and Financial Code

November 5, 2023

If the association is also authorised underArticle L. 513-5 of the Insurance Code or III of Article L. 541-4 of this Code, it may set itself up according to a federal model, separating each of its activities into separate associations, or set itself up as an integrated structure in which all its activities are represented within the same association. The association must set up cost accounting to enable the Autorité…

Article R519-50 of the French Monetary and Financial Code

November 5, 2023

The association adopts written procedures for preventing and managing conflicts of interest. It shall inform the Autorité de contrôle prudentiel et de résolution and its members of any links of any kind, in particular capital or commercial links, as well as offices held on a voluntary basis, between the members of its governing bodies and the banking and payment services intermediaries referred to in Article L. 519-1, the other persons…

Article R519-51 of the French Monetary and Financial Code

November 5, 2023

I.-The association shall set up a committee responsible for imposing the sanctions mentioned in the first paragraph of II of article L. 519-13 and in article L. 513-14 on its members. This committee must guarantee its independence and impartiality. It has at least three members, as follows: 1° One third of its members must be qualified individuals appointed for their expertise in banking and payment services and who are independent…

Article R519-52 of the French Monetary and Financial Code

November 5, 2023

The trade association referred to in I of article L. 519-11 is a not-for-profit association with its registered office in France.

Article R519-53 of the French Monetary and Financial Code

November 5, 2023

The professional association does not carry out the tasks of a professional trade union within the meaning of Book I of Part Two of the Labour Code and is not representative in this respect, whatever form it takes, whether federal or integrated.

Article R519-54 of the French Monetary and Financial Code

November 5, 2023

To be considered as representative within the meaning of I of article L. 519-13, a professional association must have paid-up members representing at least 10% of the total number of professionals subject to compulsory membership, or at least 5% when the association is also recognised as representative under III of article L. 541-4 of this Code or underarticle R. 513-23 of the Insurance Code. The total number of professionals required…

Article R519-55 of the French Monetary and Financial Code

November 5, 2023

For authorisation under the conditions set out in I of Article L. 519-13, the association submits a file to the Autorité de contrôle prudentiel et de résolution, the composition of which is set by order of the Minister for the Economy.

Call Us + 33 1 84 88 31 00

Call Us + 33 1 84 88 31 00

Regulatory part

Article R519-46 of the French Monetary and Financial Code

Article R519-47 of the French Monetary and Financial Code

Article R519-48 of the French Monetary and Financial Code

Article R519-49 of the French Monetary and Financial Code

Article R519-50 of the French Monetary and Financial Code

Article R519-51 of the French Monetary and Financial Code

Article R519-52 of the French Monetary and Financial Code

Article R519-53 of the French Monetary and Financial Code

Article R519-54 of the French Monetary and Financial Code

Article R519-55 of the French Monetary and Financial Code

Contact a French lawyer now

Contact a French Business Lawyer

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

Regulatory part

Contact a French lawyer now

Contact a French Business Lawyer

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

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

Useful links

You have a question in French Business Law?

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