Article 441-1 into force since 08 February 2020

The person cited in point 1° of paragraph I and in paragraph II of Article L. 551-1 of the Monetary and Financial Code, who takes the initiative for transactions involving intermediation in miscellaneous property, and the persons cited in points 2° and 3° of paragraph I of the same article, shall provide guarantees in terms of organisation, good repute, skills and experience, which are adequate and suited to the nature of the transaction. They must demonstrate that they have taken out a professional liability insurance policy suited to the risks involved in these activities from an insurance company authorised to do business in France.

They must act solely in the interests of their investors and may not perform any business activity that could create conflicts of interest that may be detrimental to the interests of their investors.