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Article D612-6-1 of the French Monetary and Financial Code

In order to guarantee identification and effective participation in the meeting of the resolution board ruling by means of teleconferencing pursuant to the second paragraph of IV of Article L. 612-8-1, these means shall at least enable the voice of the participants to be transmitted and shall comply with technical characteristics enabling continuous and simultaneous retransmission of the deliberations.

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Article R612-7 of the French Monetary and Financial Code

I. – Pursuant to 1° of II of Article L. 612-14, the Supervisory Board may delegate its powers to the Chairman or, in his absence or impediment, to the Vice-Chairman or to another of its members, to take individual decisions falling within its remit, with the exception of those mentioned in Articles L. 511-41-3, L. 522-15-1, L. 526-29, L. 612-30, L. 612-32 to L. 612-34 and the first paragraph of…

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Article R612-7-1 of the French Monetary and Financial Code

The departments mentioned in II of Article L. 612-8-1, which are responsible for preparing the work of the resolution board and implementing its decisions, are set up as a resolution department within the Autorité de contrôle prudentiel et de résolution. This department may obtain from the other departments of the Autorité de contrôle prudentiel et de résolution, in addition to access to the information mentioned in the last paragraph of…

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Article R612-7-2 of the French Monetary and Financial Code

I. – Pursuant to IV of Article L. 612-8-1, the resolution board may, when initiating resolution proceedings, delegate to its chairman the power to take individual decisions in connection with such proceedings. This delegation may not concern decisions to initiate sanction proceedings referred to in Article L. 612-38. II. – Pursuant to III of Article L. 612-15-1, the Resolution Board may also delegate to the Director in charge of the…

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Article R612-9 of the French Monetary and Financial Code

I. – The notification of an individual decision to a person under the jurisdiction of the Autorité de contrôle prudentiel et de résolution in accordance withArticle L. 612-2 of the Monetary and Financial Code shall be made by registered letter with acknowledgement of receipt, by hand delivery against receipt or by bailiff’s deed or by any other means that ensures the date of receipt. II. – The AMF does not…

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Article R612-10 of the French Monetary and Financial Code

The Autorité de contrôle prudentiel et de résolution publishes the following information electronically: 1° The general guidelines, methods and criteria that it implements and applies for the purposes of prudential supervision, in particular the procedures for exercising the options provided for in Community prudential legislation; 2° The solutions chosen by France from among the options available under Community prudential legislation, in particular under Regulation (EU) No 575/2013 of the European…

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Article R612-11 of the French Monetary and Financial Code

On a proposal from the Secretary General, the plenary session of the Supervisory Board: 1° Adopt the Authority’s annual budget and its amendments during the year; 2° Adopt the report on the implementation of the budget for the financial year just ended; 3° Authorise the settlements provided for in articles 2044 to 2058 of the French Civil Code, in excess of a fixed amount; 4° Authorises, in excess of a…

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Article R612-12 of the French Monetary and Financial Code

The supervisory board shall set up an audit committee responsible, in particular, for issuing an opinion, prior to their adoption, on draft budgets and reports on budget implementation. The internal regulations of the Autorité de contrôle prudentiel et de résolution shall determine the composition and duties of the committee.

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Article R612-13 of the French Monetary and Financial Code

Before the beginning of each financial year, and prior to the adoption of the budget by the Banque de France, the Authority draws up its budget. The budget shall include a forecast of revenue, including expected income from the investment of contributions carried forward from previous financial years, planned withdrawals from the reserves held in the “Deferred contributions of the Autorité de contrôle prudentiel et de résolution” account kept in…

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