Without prejudice to the provisions of Article L. 229-4 of the French Commercial Code, the Autorité de contrôle prudentiel et de résolution also has the power to oppose, in accordance with the provisions of Article 8(14) and Article 19 of Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Statute for a European Company (SE), the transfer of the registered office of a credit institution constituted in the form of a European Company registered in France, which would result in a change in the applicable law, and the formation of a European Company by way of a merger involving a credit institution authorised in France. This decision may be appealed to the Conseil d’Etat.