Book VI: Banking and financial institutions

When the Board, or where applicable a specialised commission, decides by written consultation, pursuant to the second paragraph of II of Article L. 621-3, the Chairman shall collect the votes of the members and the observations of the Director General of the Treasury within a time limit that he shall set. This period may not be less than one day. If a member submits a written request within this time…

Where the College sets up a specialised commission, it shall determine : 1° The matters in respect of which it empowers the commission to take individual decisions. Such decisions may not relate to the matters referred to in II of Article L. 621-14. 2° Its composition. In addition to the chairman, each specialised committee comprises at least five members. 3° The period for which it authorises it to take the…

I. – Each Specialised Commission shall meet when convened by the Chairman of the Autorité des marchés financiers or at the request of half of its members. In the event of absence, the Chairman of the Autorité des marchés financiers shall appoint one of the other members of the Specialised Commission to chair the meeting. Each Specialised Commission may deliberate only if at least half of its members are present….

The chairman of the Enforcement Committee is elected by a majority of the members, under the chairmanship of the oldest member, for the duration of his or her term of office as a member of the Enforcement Committee. When half the members of the Enforcement Committee are re-elected, the term of office is counted from the first meeting following the appointment of the new members. A member of the AMF…

Where the Enforcement Committee sets up a section : 1° It determines its composition. Each section comprises one member chosen from among the persons mentioned in 1° of IV of Article L. 621-2, one member chosen from among the persons mentioned in 2° of IV of Article L. 621-2, three members chosen from among the persons mentioned in 3° of IV of Article L. 621-2 and one member chosen from…

I. – The Enforcement Committee shall be convened by its Chairman when it is acting in plenary session, and by the Chairman of the relevant Section in other cases. It may only deliberate in the presence of at least seven members when deciding in plenary session and at least three members when deciding in section. When, pursuant to Article 12 of the aforementioned Act of 20 January 2017, a member…

The Director General of the Treasury has 3 working days to request a second deliberation. Where the Board, or where applicable a specialised commission, has reached a decision by written consultation, this period runs from receipt of the decision.

I. – The AMF Board may delegate authority to its Chairman and, if he is absent or unable to act, to another of its members, to take individual decisions falling within its remit, with the exception of those referred to in I of Article L. 621-15. The delegate shall report to the next meeting of the Board on the decisions taken by virtue of this delegation. II. – The Chairman…