#2000-1223French Ordinance on the Legislative Part of the Monetary and Financial Code
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This ordinance reforms and consolidates various outdated laws into a comprehensive legislative framework within the Monetary and Financial Code. By abrogating numerous older regulations, it streamlines and updates legal references to simplify compliance for financial institutions. The ordinance affects financial entities across France and is applied to territories like New Caledonia and French Polynesia.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Consolidates various old laws into the Monetary and Financial Code
- Abolishes outdated legal articles for a streamlined framework
- Applies legislative changes to French territories overseas
Obligations
What this law requires
Financial institutions must cease application of Articles 3-4, 5 (partial), 11-14, 18 (partial), 22, 26-28, 34, 39-40, and specified portions of Articles 44, 52, 54, 57, and 71 of the Code of Savings Banks (Code des caisses d'épargne)
Financial institutions must cease application of Articles 1, 3, 8, 17-31, 34, 36-38, 38-1, and 38-2 of the Code of Monetary Instruments and Medals (Code des instruments monétaires et des médailles)
Financial institutions must cease application of specified articles from the Old Rural Code (Code rural ancien) related to monetary and financial matters
Financial institutions must cease application of Articles 1-3 and 7 of the Law of 12 March 1900 regarding credit organization for small and medium commerce and industry
Financial institutions must cease application of Articles 1-58 and 61-73-1 of the Decree-Law of 30 October 1935 governing checks and payment cards