French Monetary and Financial Code
In forceServices related to investment services include:
1. Custody account-keeping of financial instruments on behalf of third parties and ancillary services such as the keeping of cash accounts corresponding to those financial instruments or the management of financial collateral, and excluding the provision of the centralised account-keeping service within the meaning of Section A of the Annex to Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories ;
2. The granting of credit or loans to an investor to enable him to carry out a transaction that involves a financial instrument or a unit referred to in Article L. 229-7 of the Environmental Code and in which the company granting the credit or loan is involved ;
3. The provision of advice to companies on capital structure, industrial strategy and related issues, as well as the provision of advice and services relating to mergers and takeovers;
4. Investment research and financial analysis or any other form of general recommendation concerning transactions in financial instruments and in the units referred to in Article L. 229-7 of the Environmental Code;
5. Services related to underwriting;
6. Foreign exchange services when these are linked to the provision of investment services;
7. Services and activities similar to investment services or related services, relating to the underlying element of financial futures instruments, the list of which is set by decree, when they are linked to the provision of investment services or related services;
8. The credit rating service referred to in Article 3(1)(a) and (o) of Regulation (EC) No 1060/2009 of the European Parliament and of the Council of 16 September 2009 on credit rating agencies.
