Credit institutions and finance companies disclose in their annual reports the return on their assets, calculated by dividing their net profit by their balance sheet total.
Within credit institutions and finance companies, the members of the Board of Directors or the Supervisory Board, on the one hand, and the members of the Management Board or any other body exercising equivalent functions or any persons who effectively manage the business of the institution within the meaning of Article L. 511-13, on the other hand, collectively have the necessary knowledge, skills and experience referred to in Article L….
Each of the persons who effectively directs the business of the credit institution or finance company within the meaning of Article L. 511-13 and each member of the Board of Directors, the Supervisory Board, the Management Board or any other body exercising equivalent functions shall demonstrate the honesty, integrity and independence of mind necessary to assess and, if necessary, effectively challenge the management decisions taken and to ensure the effective…
I. – With effect from financial years beginning on or after 1 January 2014, the persons referred to in II of Article L. 511-45 shall draw up a table grouping together the information relating to their establishments by State or territory, referred to in 1° of III of the same article, as well as a table grouping together by State or territory the other information referred to in III of…
I. – The rules limiting the number of directorships provided for in II to IV of article L. 511-52 apply within a credit institution or finance company that meets one of the following conditions: 1° The balance sheet total, corporate or consolidated, exceeds fifteen billion euros for two consecutive financial years; 2° The Autorité de contrôle prudentiel et de résolution has decided that the credit institution or finance company is…
Where they have a website, credit institutions and finance companies shall use it to present the systems implemented to ensure compliance with the requirements laid down in Article L. 511-45, in this section and in the regulatory provisions adopted for their application.
I.- In order to compare remuneration trends and practices, the Autorité de contrôle prudentiel et de résolution shall collect, under the conditions defined by order of the Minister responsible for the economy, the information referred to in g), h), i) and k) of paragraph 1 of Article 450 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 published by credit institutions, financial…
The information referred to in Article R. 511-18 as well as that concerning the results of the votes of the general meetings referred to in Article L. 511-78 shall be transmitted by the Autorité de contrôle prudentiel et de résolution to the European Banking Authority, with the exception of information concerning finance companies and parent undertakings of finance companies.
In the cases provided for in Article L. 511-78 where it is envisaged to increase the amount of the variable part of the total remuneration of the persons mentioned in Article L. 511-71 to an amount higher than that of the fixed remuneration, the draft resolutions to this effect submitted to the competent general meetings of credit institutions or finance companies shall mention the reasons justifying the draft resolution, the…
The presentation to the general meeting of the credit institution or finance company concerned of the draft resolutions mentioned in article R. 511-20 is governed by the rules of the French Commercial Code. In cases where the provisions of this code do not apply, the period between the presentation of the draft decision, including the information mentioned in article R. 511-20, and the decision of the competent body may not…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
