French Monetary and Financial CodeIn force
Section 1: Definition
Article L315-3
Each electronic money unit may only be issued for a nominal value equal to that of the funds collected in exchange.
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Showing 1871–1880 of 58573 articles for “Art. 150 VI and 150 VM”
Each electronic money unit may only be issued for a nominal value equal to that of the funds collected in exchange.
Banque de France officials commissioned by the Minister for the Economy and the officials referred to in articles L. 511-3 and L. 511-21 of the Consumer Code are authorised, in the course of their dut…
In order to issue the authorisation provided for in Article L. 318-1, the Autorité de contrôle prudentiel et de résolution shall verify that the following conditions are met, within the time limits se…
…y his dues to the Fonds de Garantie des Dépôts et de Résolution shall be liable to the penalties provided for in Article L. 621-15 and to late payment penalties paid directly to the Fonds de Garantie…
…nst the remittance of funds for the purposes of payment transactions as defined in article L. 133-3 and that is accepted by a natural or legal person other than the electronic money issuer.II. - Elect…
I. - The operating rules, the framework agreement or the standard agreement governing any system referred to in article L. 330-1 may require institutions participating, directly or indirectly, in such…
The provisions of the deposit account agreements referred to in I of Article L. 312-1-1 governing payment transactions are subject to the provisions of this chapter.
I. - Before the Payment Service User is bound by a contract relating to an individual payment transaction or the provision of an individual payment service, the Payment Service Provider shall provide…
Any issuer of electronic money that collects funds is prohibited from paying interest on these funds, any remuneration or any other benefit linked to the duration of the holding of electronic money.
Chapter IV of this Title shall apply to the business of issuing and managing electronic money, without prejudice to the additional requirements laid down in this Section.
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