French Monetary and Financial Code
In forceIn addition to the persons mentioned in II of Article L. 519-1 and in Article L. 519-3, the following are not intermediaries in banking transactions and payment services within the meaning of Article L. 519-1 and are not subject to the obligations mentioned in this chapter
1° Persons offering intermediation services in banking transactions and payment services that complement the products or services provided as part of their professional activity, where the total number of banking transactions or payment services or the total amount of credit granted or payment services provided or carried out through their intermediary each calendar year does not exceed thresholds set by order of the Minister for the Economy within the limits of thirty transactions or 300,000 euros respectively.
The previous paragraph does not apply to persons acting under the conditions laid down in Article L. 341-1 of this Code or to persons whose intermediation activity relates in whole or in part to the credit transactions referred to in Articles L. 313-1, L. 314-10 or L. 315-1 of the Consumer Code;
2° Persons whose role is limited, for remuneration or free of charge, to providing advice to a credit institution, finance company, payment institution, electronic money institution that provides payment services, intermediary in banking and payment services, intermediary in participative financing, insurance company in connection with its lending activities or management company in connection with its FIA management activities referred to in Article L. 511-6 to persons interested in concluding a banking transaction or a payment service, without the provision of documents other than advertising relating to the banking transaction or payment service and made available to them by a credit institution, finance company or payment institution, an electronic money institution that provides payment services, a banking and payment services intermediary, a participative finance intermediary, an insurance company in the context of its lending activities or a management company in the context of its FIA management activities mentioned in article L. 511-6, as well as persons whose role is limited to transmitting to a credit institution, a finance company, a payment institution, an electronic money institution that provides payment services, an intermediary in banking and payment services, an intermediary in participative financing, an insurance company in the context of its lending activities or a management company in the context of its AIF management activities mentioned in Article L. 511-6 the contact details of a person interested in concluding a banking or payment services transaction;
3° Agents of payment service providers mentioned in Article L. 523-1 and persons authorised under Article L. 523-6 ;
4° Persons whose activity as intermediaries in banking transactions and payment services is linked to the related transactions defined in Article L. 311-2 , I, 5 or to the related services defined in Article L. 321-2, 3°.
