Book V: Service providers

The financial holding companies referred to in the fourth and fifth paragraphs of Article L. 517-1, the parent undertakings of finance companies referred to in the sixth and seventh paragraphs of Article L. 517-1 and the mixed financial holding companies referred to in the fourth and fifth paragraphs of Article L. 517-4-1 seek the approval of the Autorité de contrôle prudentiel et de résolution when the latter is responsible for…

Before granting approval to a financial holding company, a parent undertaking of a finance company or a mixed financial holding company, the Autorité de contrôle prudentiel et de résolution shall verify that the following conditions are met: 1° The internal arrangements and allocation of tasks within the group are appropriate to the objective of complying with prudential requirements on a consolidated or sub-consolidated basis and, in particular, are effective in…

The approval of the Autorité de contrôle prudentiel et de résolution is not required when all the following conditions are met: 1° The principal activity of the financial holding company or the parent undertaking of a finance company is to acquire interests in subsidiaries or, in the case of a mixed financial holding company, its principal activity as regards financial institutions or undertakings is to acquire interests in subsidiaries ;…

The Autorité de contrôle prudentiel et de résolution, where it is the authority responsible for supervision on a consolidated basis, continuously monitors compliance with the conditions set out in Article L. 517-13 or, where applicable, Article L. 517-14. Financial holding companies, parent undertakings of finance companies and mixed financial holding companies shall provide the Autorité de contrôle prudentiel et de résolution with the information required to ensure ongoing monitoring of…