Financial Crime World

Banking Regulations Compliance in Guadeloupe: What You Need to Know

The French authorities have outlined a set of general good rules that must be complied with by European institutions operating in France under the freedom of establishment or provision of services. These rules are designed to protect the interests of consumers and ensure stability in the financial sector.

Compliance Requirements for Banking Activities in France

French law requires institutions to adhere to specific provisions aimed at safeguarding the general good. The list of applicable laws includes regulations from the French Monetary and Financial Code as well as the French Consumer Code, all of which are overseen by the Autorité de Contrôle Prudentiel et de Résolution (ACPR).

General Good Rules for Banking Activities

The ACPR has identified a range of non-exhaustive general good rules that apply to banking activities in France. These include provisions related to:

  • Credit institutions
  • Investment services providers
  • Financial institutions
  • E-money institutions

Additional Requirements and Guidelines

In addition to these codified regulations, the ACPR also issues instructions and recommendations on:

  • Marketing practices
  • Customer protection
  • Anti-money laundering
  • Anti-terrorist financing

Providers of banking services must ensure they are aware of these rules and submit completed questionnaires to the ACPR as required.

Accessing Relevant Provisions

The ACPR’s official register provides access to legal instruments, binding or soft law, adopted by the authority. Other relevant provisions can be found in:

  • The Journal Officiel of the French Republic
  • On the website Legifrance

Importance for Institutions Operating in Guadeloupe

For institutions operating in Guadeloupe, a region recognized by the EU under Article 349 of the Treaty on the Functioning of the European Union, compliance with these regulations is crucial to ensure stability and protect consumers. As such, providers must stay informed about the applicable laws and regulations governing their activities in France.