Opening a representative office and annual activity report of the representative office to the ACPR
NB: a representative office must limit its activities to information, liaison and representation assignments. A representative office may not carry out regulated transactions whose performance requires a licence or authorisation. Similarly, a representative office may not engage in direct marketing.
Opening a representative office
Your enterprise is a company incorporated under foreign law that performs banking transactions or investment services in its home country.
You wish to open a representative office in France …
- You must inform the ACPR of your project before opening a representative office.
- The requisite application and documents must be sent to the Authorisation Directorate.
Regulation and procedure for providing advance notification to the ACPR
- Applicable regulations: Monetary and Financial Code
- Preparation of the application
|Credit institution:||Circular of 22 February 1990 (amended) on the opening of and operating requirements for the representative office of a credit institution (July 2005)|
|Investment firm :||Circular of 26 March 1999 (amended) on the opening of and operating requirements for the representative office of an investment firm (July 2005).|
Annual activity report of the representative office to the ACPR
Updated on: 03/19/2019 15:39