**Marine Le Pen remains a sitting deputy in France’s National Assembly for Pas-de-Calais (11th constituency) as part of the Rassemblement National group, with her current mandate running since July 2024.** The primary driver of any market on her departure is the ongoing embezzlement case involving alleged misuse of European Parliament funds for party staff between 2004 and 2016. A March 2025 first-instance ruling imposed a five-year immediate ban on holding public office, but the July 7, 2026, Paris appeals court upheld the conviction while shortening the firm ineligibility period to 15 months (already served since the initial verdict), with 30 months suspended. This adjustment restored her eligibility for public office, including her Assembly seat and a potential 2027 presidential run, while reducing the prison component to three years (two suspended, one under electronic monitoring) plus a €100,000 fine. Le Pen promptly announced her presidential candidacy, launched a campaign site, and appealed to the Court of Cassation, which suspends enforcement of the monitoring requirement pending a final ruling. No new legal actions or procedural steps have emerged since the July decision to threaten her Assembly position. The National Rally holds the largest single bloc in the fragmented Assembly, and Le Pen continues legislative activity. Key upcoming factors include the timing of any Cassation decision (potentially before the April 2027 presidential vote) and whether she chooses to resign her seat to focus on the national campaign. Trader assessments center on these legal timelines and any unexpected procedural shifts rather than immediate removal risks.