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 R519-56 of the French Monetary and Financial Code

November 5, 2023

Based on the information provided in the application, the Autorité de contrôle prudentiel et de résolution will assess whether the association meets the conditions set out in Articles L. 519-11 to L. 519-15 and the provisions of this chapter. If it considers that the application is incomplete, the Autorité de contrôle prudentiel et de résolution will ask the association to provide the additional information it needs to make its decision.

Read More »

Article R519-57 of the French Monetary and Financial Code

November 5, 2023

I.-The Autorité de contrôle prudentiel et de résolution (ACPR) shall rule on the application for authorisation within three months of the date of receipt of a complete file. It will notify the association of its decision. If the AMF remains silent at the end of this period, the application for authorisation is deemed to have been accepted. II – The updated list of approved associations may be consulted on the…

Read More »

Article R519-58 of the French Monetary and Financial Code

November 5, 2023

No later than 31 July each year, the association shall send the report referred to in II of Article L. 519-13 to the Autorité de contrôle prudentiel et de résolution. This report contains a copy of the balance sheet and profit and loss account for the association’s last financial year. In particular, it describes the activity of its members for the previous calendar year on the basis of the data…

Read More »

Article R519-59 of the French Monetary and Financial Code

November 5, 2023

The association shall inform the Autorité de contrôle prudentiel et de résolution without delay of any change in its governance, organisation, articles of association, operating rules or written procedures. It shall also inform the Authority of any change in the information concerning it and, in particular, of any fact likely to have an impact on the conditions to which this authorisation was subject. The Authority will assess the possible effects…

Read More »

Article R519-60 of the French Monetary and Financial Code

November 5, 2023

When it intends to withdraw an association’s authorisation, the Autorité de contrôle prudentiel et de résolution will inform the association. It will give the association the reasons for the withdrawal and specify the action required to ensure compliance. The association has a period of one month from receipt of this notification in which to make any observations it may have and bring itself into compliance.

Read More »

Article R519-61 of the French Monetary and Financial Code

November 5, 2023

When the Autorité de contrôle prudentiel et de résolution decides to withdraw an association’s authorisation, it shall notify the association of this decision by registered letter or electronic registered letter with acknowledgement of receipt. This decision shall specify the conditions for implementing the withdrawal of authorisation. Withdrawal of authorisation takes effect at the end of a period of three months from the date of notification.

Read More »

Article R519-62 of the French Monetary and Financial Code

November 5, 2023

The Autorité de contrôle prudentiel et de résolution shall immediately inform the public of the withdrawal of authorisation by means of a press release posted on its website. It will also inform the body referred to inarticle L. 512-1 of the Insurance Code, which will publish this information on its website. The association shall also inform its members of its withdrawal of authorisation by any means as soon as notification…

Read More »

Article D522-1-1 of the French Monetary and Financial Code

November 5, 2023

The maximum amount of payment transactions referred to in the first paragraph of Article L. 522-11-1 is set at three million euros per month. This ceiling applies to the average total amount, over the previous twelve months, of payment transactions executed by the payment institution, including its agents.

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.