French Insurance Code
In forceI.-Registration and enrolment are carried out within a maximum of two months from the date of receipt by the organisation of a complete file. The organisation will send the applicant a certificate showing the registration number and the date of registration.
II - If the examination of the complete file shows that the application for registration does not comply with the provisions of this Code, the body will take a decision not to register and will notify the applicant by registered letter with acknowledgement of receipt within the period specified in the first sentence of I of this article.
III - Registration must be renewed annually in accordance with the procedures laid down by order of the Minister for the Economy.
IV - Intermediaries and ancillary intermediaries shall inform the CMF of any change in the information concerning them and of any event that may have an impact on their registration, such as a change in their place of business, cessation of activity or deletion from the Register of Companies. The information is sent in the month preceding the event, or if the event cannot be anticipated, in the month that follows.
V.-The person who has issued a mandate to one of the intermediaries or intermediaries on an ancillary basis falling into the categories mentioned in 2°, 3° or 4° of I of article R. 511-2 shall notify the body of the mandate thus issued as soon as it takes effect, as well as of the cessation of the function of this intermediary or intermediary on an ancillary basis in the month preceding the end of the mandate, or in the month that follows in the event of sudden cessation of this mandate.
VI-The association referred to in I of article L. 513-3 shall notify the organisation of any withdrawal of membership by its members in the categories referred to in 1°, 4° and 6° of article R. 511-2 within one month of such withdrawal.
VII -The organisation will remove its members from the register at the request of the Autorité de contrôle prudentiel et de résolution, pursuant to 6° of Article L. 612-41 of the Monetary and Financial Code. If the intermediary or intermediary acting on an ancillary basis can no longer demonstrate compliance with the obligations required for the category or categories under which he or she is registered, the AMF will cancel the intermediary's registration and, where applicable, remove him or her from the register.
The AMF will notify the intermediary concerned by registered letter with acknowledgement of receipt of the deletion or withdrawal of registration within fifteen days of the decision in question.
The removal of the intermediary's registration will be made public at the same time by the AMF, which will also notify the office of the clerk of the court in whose jurisdiction the intermediary is registered in the Trade and Companies Register.
VIII - The body will send the Minister for the Economy an annual report on registrations and deregistrations and on statistics relating to use of the register.
