Without prejudice to the provisions of Article 26-6 of Law No 47-1775 of 10 September 1947 on the Statute for a Cooperative Society, the Autorité des marchés financiers is competent to oppose, in accordance with paragraph 14 of Article 7 and Article 21 of Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE), the transfer of the registered office of an asset management company constituted as a European Cooperative Society registered in France resulting in a change in the applicable law and the formation of a European Cooperative Society by way of a merger involving a cooperative asset management company authorised in France. This decision may be appealed to the Conseil d’Etat.