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Banking Law

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France

The Macron Law facilitates banking mobility for individuals and access to credit for businesses.

You will find a summary of the main provisions adopted which may be of interest to your company. They relate to labour law (1), competition, distribution and consumer law (2), telecommunications law (3), e-commerce (4), company and tax law (5), banking law (6), environmental law (7) and transport law (8).


The Macron Law facilitates banking mobility for individuals and access to credit for businesses.

  • The easing of banking mobility conditions
    • The conditions related to banking mobility for individuals have been considerably eased. At the same time, credit institutions are now subject to an obligation to provide their customers access to free and unconditional documentation on banking mobility.

 

  • The creation of inter-company credit
    • The conditions for inter-company credit will allow certain corporate structures (SAS or SARL under French law) whose accounts are certified by an auditor, to grant short-term loans (under two years) to micro-enterprises, SMEs or medium-sized companies with which they have provable economic links. These loans shall be subject to a specific contract and will not be subject to securitisation.

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