Title IV: Clearing houses

In the cases referred to in the second, third and fourth paragraphs of Article L. 440-1, the Autorité des marchés financiers and the Banque de France shall give their opinion at least five business days before the expiry of the periods provided for in Articles 17 to 19, 31 and 54 of Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on over-the-counter…

The Autorité de contrôle prudentiel et de résolution, when requiring that a clearing house be subject to authorisation by the European Central Bank as a credit institution within the meaning of Article 4 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012, shall take into account at…

The bodies or undertakings referred to in Article 7 of L. 440-2 meet the following conditions: they do not offer clearing services on behalf of third parties; -they belong to one of the following categories: -undertakings for collective investment in transferable securities authorised in accordance with Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating…