The Order dated 4 April 2012 approving IOBSP training programs was published in the Official Journal on 13 April 2012. In accordance with article R. 519-12 of the French Monetary and Financial Code, it defines, the minimum training program that IOBSPs shall undergo, prior to exercising their roles as intermediaries, regarding legal, economic and financial competences. This order entered into force on 14 April 2012.