It is forbidden for any company that is not authorised as a manual changer to use a name, company name, advertising or any other process that gives the impression that it is authorised as a manual changer, or to create confusion in this respect.
I. – Money changers must at all times provide proof of compliance with the conditions set out in Article L. 524-3 and with all the provisions to which they are subject, in particular those of Title VI which apply to them. Money changers shall keep a register of their transactions. The Minister responsible for the economy may, by order, make them subject to special rules and conditions relating to their…
I. – Customs officers with at least the rank of controller are empowered to investigate and establish breaches of the rules applicable to manual money changers, as laid down by this Title and by Title VI or the regulations adopted for their application. II. – To this end, the customs officers referred to in I shall have access, during the hours of business of manual money changers, to premises used…
Electronic money issuers are electronic money institutions and credit institutions.
When they issue electronic money, the following institutions and services are also considered to be issuers of electronic money, without being subject to the provisions of Chapter VI of this Title and within the limits of the legislative provisions which, where applicable, govern them: 1° The Banque de France , the Institut d’émission des départements d’outre-mer and the Institut d’émission d’outre-mer ; 2° The Treasury ; 3° The Caisse des…
It is prohibited for any person other than those mentioned in articles L. 525-1 and L. 525-2 to issue and manage electronic money within the meaning of article L. 315-1 on a regular professional basis.
Special dematerialised payment vouchers subject to specific legislative or regulatory provisions or to a special public law regime, which are intended to be used exclusively for the acquisition of a limited number of specific categories of goods or services or for use in a limited network, are not considered to be electronic money within the meaning of Article L. 315-1. Companies which issue and manage these vouchers, for the part…
As an exception to article L. 525-3, an undertaking may issue and manage electronic money with a view to the acquisition of goods or services, solely on the premises of that undertaking or, under a commercial agreement with it, in a limited network of persons accepting these means of payment or for a limited range of goods or services, provided that the maximum loading capacity of the electronic medium made…
As soon as the total value of electronic money in circulation exceeds one million euros, the undertaking referred to in Article L. 525-5 shall send a declaration to the Autorité de contrôle prudentiel et de résolution. The Autorité de contrôle prudentiel et de résolution has a period set by decree from receipt of the declaration or, if the declaration is incomplete, the same period from receipt of all the necessary…
I. – By way of derogation from article L. 525-3, a provider of electronic communications networks or services may issue and manage electronic money, in addition to electronic communications services, for a subscriber to the network or service, for the execution of: 1° Payment transactions carried out for the purchase of digital content and voice services, regardless of the device used for the purchase or consumption of such digital content,…
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.
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
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
Resources
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
Useful links
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.
