French Business Law - French Legislation

Article D721-6 of the French Monetary and Financial Code

November 5, 2023

The declarations referred to in Article R. 721-5 shall specify, for the purpose of identifying the account and safe-deposit box holders:1° For natural persons, their surname, first names, date and place of birth, marital status and address, their spouse’s surname, first names and identification number in the case of sole proprietors;By way of derogation from the previous paragraph, for bank accounts exclusively dedicated to a professional activity to which assets…

Article D721-7 of the French Monetary and Financial Code

November 5, 2023

The declarations referred to in Article R. 721-5 shall specify, for the purpose of identifying the accounts:1° The name, address and identification codes of the institution managing the account or safe-deposit box (institution code, counter code);2° The description of the account: customer’s International Bank Account Number (IBAN), type and characteristics;3° The date and nature of the transaction declared: opening, closing or modification, specifying whether the transaction affects the account itself…

Article R721-8 of the French Monetary and Financial Code

November 5, 2023

In order to identify all the accounts held in Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon by the persons mentioned in the first paragraph of Article L. 131-72 and the second paragraph of Article L. 163-6, the Institut d’émission des départements d’outre-mer will consult the declarations mentioned in Article R. 721-11.

Article R721-9 of the French Monetary and Financial Code

November 5, 2023

As part of the task set out in the first paragraph of Article R. 721-4, the Institut d’émission des départements d’outre-mer (French overseas departments note-issuing bank) provides the credit institutions concerned with all the information gathered pursuant to Articles L. 131-73 and L. 163-6, no later than the second business day following receipt of the information sent by the Banque de France pursuant to the fourth paragraph of Article L….

Article R721-10 of the French Monetary and Financial Code

November 5, 2023

The Institut d’émission des départements d’outre-mer carries out the tasks entrusted to it by Article L. 312-1 on behalf of the Banque de France and under its authority.

Article R721-11 of the French Monetary and Financial Code

November 5, 2023

In Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, credit institutions shall declare the opening, closure or modification of accounts on which cheques may be drawn and the opening, closure or modification of safe deposit box leases. These declarations shall be sent to the Institut d’émission des départements d’outre-mer.The declarations referred to in the first paragraph shall be submitted no later than seven working days following the opening, closure or modification of the accounts…

Article R721-12 of the French Monetary and Financial Code

November 5, 2023

The Institut d’émission d’outre-mer is a national public institution with legal personality and financial autonomy.The Institute’s operations must relate to the territories in which it is authorised to operate. They are carried out and accounted for in accordance with commercial and banking rules and practices.

Article R721-13 of the French Monetary and Financial Code

November 5, 2023

The registered office of the Institut d’émission d’outre-mer may be transferred by decision of the Supervisory Board.The Institut may only open branches in its issuing area.

Article R721-14 of the French Monetary and Financial Code

November 5, 2023

The Institut d’émission d’outre-mer has a capital endowment which is set by joint order of the Minister for the Economy and the Minister for Overseas France.The incorporation of reserves into the capital endowment must be approved by order of these ministers.

Article R721-15 of the French Monetary and Financial Code

November 5, 2023

The Institut d’émission d’outre-mer’s operating account balances are deposited with the Treasury.

Call Us + 33 1 84 88 31 00

Call Us + 33 1 84 88 31 00

Regulatory part

Article D721-6 of the French Monetary and Financial Code

Article D721-7 of the French Monetary and Financial Code

Article R721-8 of the French Monetary and Financial Code

Article R721-9 of the French Monetary and Financial Code

Article R721-10 of the French Monetary and Financial Code

Article R721-11 of the French Monetary and Financial Code

Article R721-12 of the French Monetary and Financial Code

Article R721-13 of the French Monetary and Financial Code

Article R721-14 of the French Monetary and Financial Code

Article R721-15 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.