French Business Law - French Legislation

Article R121-4 of the French Monetary and Financial Code

November 6, 2023

Credit institutions, La Poste, electronic money institutions, payment institutions carrying out euro coin processing operations and service providers carrying out these operations in the name and on behalf of these institutions shall first sign an agreement with the Banque de France or the Institut d’émission des départements d’outre-mer. This agreement specifies in particular the conditions under which the latter, acting on behalf of the State, may carry out documentary and…

Article R121-5 of the French Monetary and Financial Code

November 6, 2023

The public institution La Monnaie de Paris is placed under the supervision of the Minister for the Economy. It may be referred to by the acronym “MdP”. Its head office is located at 11, quai de Conti, Paris.

Article R121-6 of the French Monetary and Financial Code

November 6, 2023

A multi-annual business contract is signed between the State and the public establishment in accordance with the provisions of article 140 of law no. 2001-420 of 15 May 2001 relating to new economic regulations. In particular, this contract sets out the conditions for changes in the sale prices of metal parts manufactured on behalf of the State.

Article R121-7 of the French Monetary and Financial Code

November 6, 2023

The company is administered by a Board of Directors and managed by a Chief Executive Officer.

Article R121-8 of the French Monetary and Financial Code

November 6, 2023

The Board of Directors comprises fifteen members: 1° Five representatives of the State ; 2° Five persons chosen for their expertise in fields related to the activity of the public establishment or the management of companies; 3° Five elected staff members representing the three categories of personnel employed by the establishment, including : a) Three representatives of contract staff, including one manager ; b) One representative of workers covered by…

Article R121-9 of the French Monetary and Financial Code

November 6, 2023

Without prejudice to the provisions of article 7 of law no. 83-675 of 26 July 1983 on the democratisation of the public sector, the Board of Directors determines the guidelines for the establishment’s activities and ensures that they are implemented. In particular, it deliberates on 1° General measures relating to the organisation and operation of the establishment ; 2° Draft multi-annual company contracts; 3° The budget and any amendments to…

Article R121-10 of the French Monetary and Financial Code

November 6, 2023

I. – The Board of Directors meets as often as the interests of the institution require, and in any event at least four times a year. The meeting is held at the registered office of the institution or at any other place indicated in the notice convening the meeting. Meetings of the Board of Directors may be held by videoconference under the conditions laid down in the internal rules in…

Article R121-11 of the French Monetary and Financial Code

November 6, 2023

The Board of Directors adopts internal rules setting out the framework for the performance of its duties. It may set up specialised advisory committees from among its members and determine their composition and remit.

Article R121-12 of the French Monetary and Financial Code

November 6, 2023

The Board of Directors may, in the matters listed in 7°, 8°, 9°, 10°, 11°, 13°, 14° and 15° of article R. 121-9, delegate its powers to the Chairman and Chief Executive Officer under the conditions and within the limits, including any financial thresholds, that it determines. The Chairman and Chief Executive Officer shall report to the next meeting of the Board on the decisions he has taken by virtue…

Article R121-13 of the French Monetary and Financial Code

November 6, 2023

The decisions of the Board of Directors are enforceable fifteen days after receipt of the minutes by the Minister for the Economy, unless the Minister objects. However 1° Decisions relating to the budget, annual accounts, acquisitions, disposals and exchanges of property are enforceable fifteen days after receipt of the minutes by the Minister for the Economy and the Minister for the Budget, unless one of these ministers objects; 2° Resolutions…

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Regulatory part

Article R121-4 of the French Monetary and Financial Code

Article R121-5 of the French Monetary and Financial Code

Article R121-6 of the French Monetary and Financial Code

Article R121-7 of the French Monetary and Financial Code

Article R121-8 of the French Monetary and Financial Code

Article R121-9 of the French Monetary and Financial Code

Article R121-10 of the French Monetary and Financial Code

Article R121-11 of the French Monetary and Financial Code

Article R121-12 of the French Monetary and Financial Code

Article R121-13 of the French Monetary and Financial Code

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