#2016-1528Law No. 2016-1528 of November 15, 2016, Ratifying Ordinance No. 2015-1682 of December 17, 2015 on Simplification of Certain Prior Authorization and Declaration Regimes for Businesses and Professionals and Amending the Sports Code
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This law simplifies the authorization and declaration processes for businesses and professionals, aiming to make it easier for them to operate by reducing bureaucratic hurdles. It also includes changes to the sports code, specifically how sports events with monetary prizes are regulated, even if these events are not organized by approved federations. Financial institutions face potential additional oversight with the ability to appoint an extra auditor under specific circumstances.
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Key Changes
- Simplifies authorization and declaration processes for businesses
- Modifies regulation of sports events with monetary or in-kind prizes
- Allows additional auditors for specific financial entities under certain conditions
Obligations
What this law requires
Ratify and implement Ordinance No. 2015-1682 of December 17, 2015 regarding simplification of prior authorization and declaration regimes for businesses and professionals
Extend doping control and anti-doping regulations to sports events with monetary or in-kind prizes, regardless of whether they are organized by approved federations or authorized by delegated federations
Apply anti-doping rules to athletes participating in any sports event offering monetary or in-kind prizes, even if not organized by approved or delegated federations
Permit biological sampling from athletes for profiling relevant parameters in urine or blood to detect use of prohibited substances or methods under Article L. 232-9
The Prudential Supervision and Resolution Authority (ACPR) may designate an additional external auditor for specified financial institutions when circumstances justify it, according to conditions set by decree