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Article R511-3-3 of the French Monetary and Financial Code

The Autorité de contrôle prudentiel et de résolution shall draw up a list of the information it deems necessary to carry out the assessment provided for in Article R. 511-3-2 and which must be communicated to it as part of the notification provided for in I of Article L. 511-12-1. This list is accessible on the website of the Autorité de contrôle prudentiel et de résolution. The information requested shall…

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Article R511-3-4 of the French Monetary and Financial Code

The Autorité de contrôle prudentiel et de résolution shall send the European Central Bank a proposed decision to oppose the proposed acquisition only if there are reasonable grounds for doing so on the basis of the criteria set out in Article R. 511-3-2 alone, or if the information provided by the proposed acquirer pursuant to Article R. 511-3-3 is incomplete.

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Article R511-3-5 of the French Monetary and Financial Code

Any natural person or legal entity intending to file a draft public offer with the Autorité des marchés financiers pursuant to Chapter III of Title III of Book IV of the Legislative Part of this Code, with a view to acquiring a given quantity of securities of a credit institution authorised in France or of a finance company, may inform the Governor of the Banque de France, Chairman of the…

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Article R511-4 of the French Monetary and Financial Code

When a financial institution has provided evidence to the Autorité de contrôle prudentiel et de résolution that it meets the conditions set out in the second paragraph of Article L. 511-28, the Autorité shall issue it with a certificate. The Authority shall also send a certificate to the competent authorities of the host Member State, at the same time as the notification referred to in the first paragraph of Article…

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Article R511-6 of the French Monetary and Financial Code

Credit institutions and finance companies are required to close their financial year on 31 December. However, the Autorité de contrôle prudentiel et de résolution may authorise them to derogate from this rule for the financial year during which they received their authorisation. Unless an exemption is granted by the Autorité de contrôle prudentiel et de résolution, credit institutions and finance companies must submit their annual accounts to the body competent…

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Article D511-8 of the French Monetary and Financial Code

The statutory auditors referred to in Article L. 511-38 are appointed by the body of these undertakings responsible for approving the accounts. They are appointed for six financial years. Their term of office expires after the body competent to approve the accounts has ruled on the accounts for the sixth financial year. They may be reappointed.

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Article R511-16 of the French Monetary and Financial Code

I. – The threshold mentioned in the first paragraph of I of Article L. 511-47 is set on the basis of the book value of assets corresponding to trading activities in financial instruments at 7.5% of the balance sheet of the entity concerned. For the purposes of this article, the book value of trading activities in financial instruments is either that of assets at fair value through profit or loss…

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