French Business Law - French Legislation

Article R511-24 of the French Monetary and Financial Code

November 6, 2023

For the application of article L. 511-84, the conduct likely to result in the reduction or restitution, in whole or in part, of the variable remuneration shall be defined by the credit institutions and finance companies in particular in consideration of the serious losses that they may cause to these institutions or companies. The decision to reduce or refund the variable remuneration referred to in the first paragraph of this…

Article R511-25 of the French Monetary and Financial Code

November 6, 2023

The deferred instruments referred to in Article L. 511-79 are equity instruments, debt instruments or other instruments referred to in Article L. 511-81. Credit institutions and finance companies update the variable remuneration mentioned in article L. 511-79 according to the inflation rate and the risk incurred, which includes the duration of the deferment period. An order of the Minister for the Economy specifies the methods for calculating the discount rate.

Article R511-26 of the French Monetary and Financial Code

November 6, 2023

The Autorité de contrôle prudentiel et de résolution collects the information referred to in Articles L. 511-98 and L. 511-99 published by credit institutions and finance companies, under the conditions defined by order of the Minister responsible for the economy, and uses it to compare practices with regard to compliance with the requirements imposed by Articles L. 511-98 and L. 511-99. It forwards them, with the exception of those concerning…

Article R512-1 of the French Monetary and Financial Code

November 6, 2023

Mutual and cooperative banks, local savings companies and mutual guarantee companies guaranteeing loans granted by a banque populaire, governed by law no. 47-1775 of 10 September 1947 on the status of cooperation, are required to undergo the cooperative audit mentioned in articles 25-1 to 25-5 of this text when the average number of employees at the end of each of two consecutive financial years exceeds fifty; the average number of…

Article R512-1-1 of the French Monetary and Financial Code

November 6, 2023

The central body of the caisses d’épargne et des banques populaires may authorise the banques populaires to incorporate a portion of their reserves into their share capital. Such incorporation may only take place at the time of a capital increase, of which no more than half may be effected by such incorporation and the remainder by cash subscription. In addition, the fraction of reserves incorporated in this way may not…

Article R512-1-2 of the French Monetary and Financial Code

November 6, 2023

The training of managers organised by the Fédération nationale des Banques populaires in conjunction with the central body of the Caisses d’épargne and Banques populaires is taken into account in the application of the provisions of articles L. 612-23-1 and L. 511-51.

Article R512-2 of the French Monetary and Financial Code

November 6, 2023

In addition to the persons, groups and local authorities mentioned in articles L. 512-22 and R. 512-4 , the following may be admitted as members of the Caisses de Crédit Agricole Mutuel 1° Owners of buildings used primarily as dwellings located in rural areas as defined in article R. 512-3, or in rural renewal and mountain economy areas, excluding conurbations with more than 75,000 inhabitants, as well as owners of…

Article R512-3 of the French Monetary and Financial Code

November 6, 2023

Communes with a population of less than 7,500 at the main town are considered to belong to the rural environment, with the exception of communes with a population of between 2,001 and 7,500 at the main town and which are part of conurbations with more than 65,000 inhabitants.

Article R512-4 of the French Monetary and Financial Code

November 6, 2023

The following may join the caisses de crédit agricole mutuel: 1° Agricultural cooperative societies and associations thereof; 2° Associations syndicales with an exclusively agricultural purpose, their unions and land associations; 3° Agricultural collective interest companies; 4° Professional agricultural unions, livestock companies, agricultural associations recognised by law and dependent on the Ministry of Agriculture whose purpose is to promote agricultural production, as well as their unions and federations; 5° Caisses d’assurances…

Article R512-5 of the French Monetary and Financial Code

November 6, 2023

The Caisses de Crédit Agricole Mutuel may provide financial assistance to users who are not members but fall into the following categories: 1° Businesses whose main activity is the production, storage, processing or marketing of agricultural or food products; 2° Liberal professions, holders of public office and ministerial officers, commercial, industrial, craft and service-providing companies; 3° Building owners and builders; 4° Associations, groupings, non-trading companies and other bodies of a…

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Regulatory part

Article R511-24 of the French Monetary and Financial Code

Article R511-25 of the French Monetary and Financial Code

Article R511-26 of the French Monetary and Financial Code

Article R512-1 of the French Monetary and Financial Code

Article R512-1-1 of the French Monetary and Financial Code

Article R512-1-2 of the French Monetary and Financial Code

Article R512-2 of the French Monetary and Financial Code

Article R512-3 of the French Monetary and Financial Code

Article R512-4 of the French Monetary and Financial Code

Article R512-5 of the French Monetary and Financial Code

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Regulatory part

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