Article D321-2 of the French Monetary and Financial Code
November 6, 2023
The financial futures instruments referred to in section 7 of article L. 321-2 are those referred to in sections 2, 3, 4, 7 and 8 of article D. 211-1 A.
The financial futures instruments referred to in section 7 of article L. 321-2 are those referred to in sections 2, 3, 4, 7 and 8 of article D. 211-1 A.
Articles R. 312-19 to R. 312-22 apply to accounts opened in the books of persons providing investment or related services as provided for in articles L. 321-1 and L. 321-2.
The list of interbank settlement systems and systems for the settlement and delivery of financial instruments notified to the European Securities and Markets Authority by the Minister responsible for the economy, pursuant to I of Article L. 330-1, is published in the Official Journal of the French Republic.
The managers of the systems referred to in Article R. 330-1 shall send the Banque de France and, in the case of systems for the settlement and delivery of financial instruments, the Autorité des marchés financiers, a list of the persons who participate directly or indirectly in such systems, and shall inform them without delay of any change to this list. The Banque de France and the Autorité des marchés…
Any person participating in one of the systems referred to in Article R. 330-1 is required to provide any requesting party with information about the system and its operating rules, where such requesting party has a legitimate interest. This information relates to the terms and conditions of membership, the currencies or financial instruments traded, the transactions carried out, the status of the settlement agent, the risk management mechanisms, the procedures…
I.-Application for approval of a system referred to in 2°, 3° or 4° of I of Article L. 330-1 shall be made in writing and by any means that can be relied upon to provide a date certain to the Minister responsible for the economy. It must be accompanied by documents proving that the system meets the conditions of articles L. 330-1 and L. 330-2. The documents that must be…
The operator of a system governed by the law of a third country mentioned in 2°, 3° or 4° of I of Article L. 330-1 and approved in accordance with this same article shall inform the Minister in charge of the Economy immediately and in writing of any change, including any change in the legal framework applicable to it, that could result in non-compliance with the conditions of its approval….
The thresholds provided for in 1° of Article L. 341-2 are set at : 1° 5 million euros for the balance sheet total ; 2° 5 million euros for turnover or, failing that, for revenue; 3° 5 million euros for the amount of assets under management; 4° 50 employees in terms of average annual headcount. These thresholds are not cumulative. They are assessed on the basis of the latest consolidated…
Direct marketers who are natural persons and natural persons with the power to manage or administer legal entities authorised under I of Article L. 341-4 must meet the following conditions: 1° Be of legal age; 2° Prior to taking up their duties, they must have either a baccalaureate or equivalent, or professional training suitable for carrying out the operations mentioned in 1° to 9° of article L. 341-1. In the…
The minimum levels of cover under the professional indemnity insurance contract provided for in Article L. 341-5 are set as follows: 1° 75,000 euros per claim and 75,000 euros per insurance year for natural persons canvassing for the transactions mentioned in 2° of article L. 341-1; 2° 150,000 euros per claim and 300,000 euros per insurance year for legal entities canvassing on the basis of the transactions referred to in…
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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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
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