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Article L441-2 of the French Monetary and Financial Code

The Autorité des marchés financiers may appoint a provisional administrator for the central depositary referred to in 1° of I of Article L. 441-1, to whom all the powers of administration, management and representation of the legal entity shall be transferred. This appointment is made either at the request of the directors when they consider that they are no longer in a position to perform their duties normally, or at…

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