French Monetary and Financial Code
In forceI.-The banking and payment services intermediaries referred to in 1° of the I of article R. 519-4 and their agents referred to in 4° of the same I, where the latter do not carry out intermediation activities in addition to providing a product or service, as well as the intermediaries referred to in 3° of the I of article R. 519-4 and their agents referred to in 4° of the same I must provide evidence of the professional skills resulting from :
1° Either a higher education diploma corresponding to level 6 of the national framework of professional qualifications ;
2° Or 150 hours' vocational training in banking or payment services, taken :
a) with a credit institution, finance company, payment institution, electronic money institution that provides payment services, insurance company, or an intermediary in banking transactions and payment services mentioned in I of this article that is different from the structure in which these intermediaries operate ;
b) With a training body chosen by the person concerned, his employer or, where applicable, his principal, in accordance with the conditions set out in Article R. 519-12.
II - By way of exception to I, these same intermediaries are deemed to have these skills:
1° When they can provide evidence of one year's professional experience in functions related to the performance of banking transactions or payment services, acquired during the three years prior to registration in the single register mentioned in Article L. 546-1 in one of the categories mentioned in the first paragraph of I of this Article, combined with forty hours of professional training adapted to the performance of banking transactions or payment services, taken under the conditions of 2° of I of this Article, during these same three years;
2° Where they can show proof of all of the following
a) obtaining the level of proficiency referred to in Article R. 519-9 and at least one year's professional experience in banking or payment services, in one of the categories referred to in I of the same Article ;
b) forty hours' professional training in banking or payment services, under the conditions set out in 2° of I of this article, during the three years prior to registration in the single register mentioned in Article L. 546-1 in one of the categories mentioned in the first paragraph of I of this article.
