For the purposes of implementing Article L. 613-55-7, the conversion rate referred to in the first paragraph of that Article provides appropriate compensation for creditors whose claims have been converted into Tier 1 capital instruments.
Home | French Legislation Articles | French Monetary and Financial Code | Regulatory part | Book VI: Banking and financial institutions | Title I: Institutions responsible for regulation and control | Chapter III: Provisions specific to credit institutions, finance companies, investment firms, electronic money institutions and payment institutions | Section 4: Provisions relating to the resolution of banking crises | Subsection 6: Resolution measures | Article R613-69 of the French Monetary and Financial Code
For the purposes of implementing Article L. 613-55-7, the conversion rate referred to in the first paragraph of that Article provides appropriate compensation for creditors whose claims have been converted into Tier 1 capital instruments.
Pour la mise en œuvre de l’article L. 613-55-7, le taux de conversion mentionné au premier alinéa de cet article permet une indemnisation appropriée des créanciers dont les créances ont été converties en instruments de fonds propres de base de catégorie 1.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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