Book VI: Banking and financial institutions

I. – The Autorité de contrôle prudentiel et de résolution may appoint a provisional administrator to a person that it supervises, to whom all the powers of administration, management and representation of the legal person are transferred. The provisional administrator disposes of the movable and immovable property of the legal entity in the interests of sound administration. The remuneration of the provisional administrator is set by the Autorité de contrôle…

I. – When it considers that the measures that may be taken pursuant to II of Article L. 612-33 are not sufficient to remedy the situation of a credit institution, an investment firm referred to in 2° of I of Article L. 613-34 or a finance company referred to in II of Article L. 613-34, the Autorité de contrôle prudentiel et de résolution may appoint, for a period it shall…

The Autorité de contrôle prudentiel et de résolution shall decide on the measures provided for in the articles of this section following an adversarial procedure. Where warranted by particularly urgent circumstances, the Autorité de contrôle prudentiel et de résolution may, on a provisional basis, order the protective measures listed in Articles L. 612-33, L. 612-33-1, L. 612-34 and L. 612-34-1 without an adversarial procedure. An adversarial procedure is then immediately…

I.-Police measures ordered by the Autorité de contrôle prudentiel et de résolution shall be published in the official register of the authority when they concern breaches of: 1° the rules intended to ensure customer protection with regard to the marketing of structured deposits; 2° the rules provided for in Sections 2 and 3 of Chapter III of Title I of Book V relating to the issuance, respectively, of obligations foncières…

The decisions of the college of supervisors relating to a supervised person taken pursuant to this section may be communicated to the undertaking which controls it within the meaning of I of Article L. 511-20, to the central body with which it is affiliated, and to the parent undertaking within the meaning of Article L. 356-1 of the Insurance Code.

A decree of the Conseil d’Etat shall determine the terms and conditions for the application of this section.