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Article L571-14 of the French Monetary and Financial Code

Failure by the directors of a financial holding company, a parent company of a finance company or a mixed financial holding company to prepare accounts in consolidated form, in accordance with article L. 517-5 or L. 517-9, is punishable by a fine of 15,000 euros.

Original in French 🇫🇷
Article L571-14

Le fait, pour les dirigeants d’une compagnie financière holding, d’une entreprise mère de société de financement ou d’une compagnie financière holding mixte, de ne pas établir les comptes sous une forme consolidée, conformément à l’article L. 517-5 ou L. 517-9, est puni de 15 000 euros d’amende.

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