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Article L314-8 of the French Consumer Code

Transitional measures, derogating from the provisions of article L. 314-6, may be implemented by the Minister for the Economy, on a reasoned proposal from the Governor of the Banque de France, for a period that may not exceed eight consecutive quarters, in the event of:
-an exceptionally large change in the cost of resources of credit institutions and finance companies;
-modifications to the definition of transactions of the same nature mentioned in Article L. 314-6.

Original in French 🇫🇷
Article L314-8


Des mesures transitoires, dérogeant aux dispositions de l’article L. 314-6, peuvent être mises en œuvre par le ministre chargé de l’économie, sur proposition motivée du gouverneur de la Banque de France, pour une période ne pouvant excéder huit trimestres consécutifs, en cas de :
-variation d’une ampleur exceptionnelle du coût des ressources des établissements de crédit et des sociétés de financement ;
-modifications de la définition des opérations de même nature mentionnées à l’article L. 314-6.

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