Book III: Companies.

Undertakings whose head office is in France and which are part of a group within the meaning of Article L. 356-1 are subject to group supervision. Group supervision applies to insurance undertakings or reinsurance undertakings which are participating undertakings in at least one insurance undertaking, reinsurance undertaking, non-member-country insurance undertaking or non-member-country reinsurance undertaking, in accordance with the provisions of Sections II, III, IV, V and VI of this Chapter….

Where the participating insurance undertaking, reinsurance undertaking, insurance group company, mutual group association, social protection group company or mixed financial holding company referred to in Article L. 356-2 is itself a subsidiary undertaking of another insurance or reinsurance undertaking, another insurance group company, another mutual group association, another social protection insurance group company or another mixed financial holding company which has its head office in the European Union, the provisions…

I.-In the case provided for in Article L. 356-3, the Autorité de contrôle prudentiel et de résolution may decide, after consultation with the group supervisor and the ultimate parent undertaking at EU level, to also apply group supervision at the level of the ultimate parent undertaking in France. In this case, the Autorité de contrôle prudentiel et de résolution shall notify its decision to the group supervisor and the ultimate…

The Autorité de contrôle prudentiel et de résolution may decide to enter into an agreement with the supervisory authorities of other Member States in which there is a ultimate parent undertaking at national level which is a related undertaking or a participating undertaking in a ultimate parent undertaking in France, with a view to exercising group supervision at the level of a sub-group covering several Member States. The agreement referred…