French Monetary and Financial Code
In forceI. - Information held by the Banque de France on company directors and sole traders may be communicated to the entities mentioned in article L. 144-1.
II. - When it relates to decisions taken in the context of safeguard or receivership proceedings, the information referred to in I may only be disclosed if it is also recorded in the Trade and Companies Register.
Where it refers to decisions taken in the context of compulsory liquidation proceedings, such information may only be disclosed for a maximum period of five years from the date on which such proceedings are instituted. With the exception of the cases mentioned in III, the pronouncement of one or two judicial liquidation proceedings in the last five years does not result in the attribution of a significant indicator to company directors and sole traders.
III. - Information held by the Banque de France relating to the personal bankruptcy or management ban of a company director or sole trader ordered on the basis of Articles L. 653-1 et seq. of the Commercial Code may be disclosed for the duration of the corresponding measure.
IV. - When the position of company director or the entrepreneur's activity ceases, the maximum period for which the Banque de France may disseminate information held on the said position or on the entrepreneur's activity is five years from the date on which the position ceases or the entrepreneur's activity ceases.
