Article 313-1 into force since 03 January 2018

In this Chapter, any person or entity referred to in Article L. 533-24 of the Monetary and Financial Code that designs or manufactures a financial instrument, which encompasses the creation, development, issuance and design of financial instruments, shall be, as the case may be:

I.- A person or entity referred to in Article 311-1 (I to III).

II.- A person or entity authorised to provide one or several investment services in a State party to the European Economic Area agreement other than France, equivalent to that referred to in I.

III.- A person other than those referred to in I or II above.

Unless otherwise specified, in this Chapter, “manufacturer” means the persons and entities referred to in I.