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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.

Original in French 🇫🇷
Article R613-69

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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