French Monetary and Financial Code
In forceThe provisions of Article L. 232-1 of the French Commercial Code are applicable to credit institutions, finance companies and investment firms under conditions set by the French Accounting Standards Authority (Autorité des normes comptables) after receiving the opinion of the French Advisory Committee on Financial Legislation and Regulation (Comité consultatif de la législation et de la réglementation financières). For the application of these provisions to the branches of credit institutions mentioned in I of Article L. 511-10, the obligations provided for in Article L. 232-1 of the Commercial Code are fulfilled by the persons mentioned in the second paragraph of Article L. 511-13 of this Code.
Article L. 225-102-1 of the French Commercial Code is applicable, under the conditions laid down for the companies mentioned in article L. 22-10-36, to credit institutions which take the form of a société anonyme, a société en commandite par actions, a société à responsabilité limitée or a société par actions simplifiée, as well as to finance companies, investment firms, parent undertakings of finance companies and financial holding companies which take one of these corporate forms and whose securities are admitted to trading on a regulated market, where their total balance sheet or turnover and number of employees exceed, where applicable on a consolidated basis, the thresholds set for the companies referred to in Article L. 22-10-36.
Article L. 225-102-1 of the French Commercial Code also applies to credit institutions which do not have one of the corporate forms mentioned in the previous paragraph, as well as to finance companies, investment firms, parent companies of finance companies and financial holding companies whose securities are not admitted to trading on a regulated market, when their total balance sheet or their turnover and their number of employees exceed, where applicable on a consolidated basis, the thresholds provided for these companies.
