Book V: Service providers

When, pursuant to Article L. 511-10, a company applies to the Autorité de contrôle prudentiel et de résolution for the authorisation necessary to obtain the status of société de crédit foncier, it shall inform the Autorité of the names of the specific auditors, principal and alternate, that it proposes to appoint. If the Autorité de contrôle prudentiel et de résolution does not agree, the directors of the société de crédit…

I. – The term of office of the principal and alternate Specific Auditors expires after the submission of the report and certified statements drawn up at the end of the fourth financial year following their appointment. They may be reappointed. When they wish to renew the term of office of these auditors, the directors of the société de crédit foncier shall submit their proposal to the Autorité de contrôle prudentiel…

The period referred to in 3° of article L. 513-26 runs, depending on the case, from the day on which the obligations foncières are settled and delivered or from the day on which they are no longer held as collateral with the Banque de France.

All sociétés de crédit foncier maintain a specific statement of the loans they have granted or acquired. This statement shall also show the nature and value of the guarantees relating thereto and the nature and amount of preferential claims.