French Monetary and Financial Code
In forceNatural persons who direct or manage an intermediary in participative financing must provide evidence of professional skills resulting from :
1° Either a level I or II diploma attesting to higher education in banking, finance, economics or business sciences, management sciences, physical sciences, mathematics or banking and financial law, registered in the national directory of professional certifications mentioned in Article R. 335-12 of the Education Code and falling within the training nomenclatures specified by an order of the Minister responsible for the economy ;
2° Or professional experience :
a) For a period of two years in positions relating to the performance of participatory finance transactions, credit transactions, the provision of payment services or business advisory services as referred to in Article L. 321-2 (3) , acquired in a managerial capacity over the last five years prior to registration in the single register ;
b) Three years' experience in positions relating to the performance of equity financing transactions, credit transactions or the provision of payment services or business advisory services as referred to in Article L. 321-2(3), acquired over the last five years prior to registration in the single register.
Proof of this experience must be provided in the form of one or more certificates of employment;
3° Or professional training in banking or financial matters lasting at least eighty hours, provided by an approved training centre, a credit institution, a finance company, a payment institution or an investment services provider, the content of which is set by order of the Minister for the Economy.
A certificate signed by the person responsible for the training is issued on completion of the course.
