I. – When it has adopted a resolution measure in respect of a person referred to in I of Article L. 613-34, the resolution board shall fulfil the obligations set out in II and III as soon as circumstances permit. II. – The resolution board shall notify its decision to the following persons and authorities: 1° Le ministre chargé de l’économie ; 2° The European Commission ; 3° The European…
The annulment of measures taken in application of sub-sections 9 and 10 does not affect the validity of the acts taken for their application when the calling into question of these acts is likely to prejudice the interests of third parties, except in the case of fraud on the part of the latter. In the case provided for in the previous paragraph, compensation for claimants is limited to compensation for…
I. – Subject to Article L. 613-59-1, where the resolution college exercises the powers provided for in this section at group level, it shall set up a college of resolution authorities to carry out the tasks referred to in Articles L. 613-40, L. 613-40-1, L. 613-43, L. 613-43-1, L. 613-44, R. 613-46-5, L. 613-60, L. 613-60-1 and L. 613-60-2. 613-40, L. 613-40-1, L. 613-43, L. 613-43-1, L. 613-44, R. 613-46-5,…
I. – Where a credit institution, an investment firm or a parent undertaking established in a non-EU Member State has in France and in at least one other EU Member State a subsidiary or branch considered to be of significant importance both by France and by another EU Member State, the collège de résolution shall set up, jointly with the resolution authorities of the Member States concerned, a college of…
Where the resolution college exercises the powers provided for in this section at group level, it shall coordinate the exchange of all relevant information between the resolution authorities. In particular, it shall transmit in a timely manner to the resolution authorities of the other Member States all relevant information with a view to facilitating the performance of the tasks mentioned in points 2° to 7° of III of Article L….
When notified by another resolution authority of a decision and measures equivalent to those mentioned in I of Article L. 613-61-1 concerning the subsidiary of a group for which it is the resolution authority on a consolidated basis, the College of Resolution shall assess, after consulting the other members of the college of resolution authorities concerned, the likely impact of these measures on the group and on the entities of…
I. – When the resolution board decides that an EU parent undertaking established in France meets the conditions for triggering a resolution procedure mentioned in II of Article L. 613-49 or, where applicable, in I and II of Article L. 613-49-1, it shall immediately notify the information mentioned in 1° and 2° of I of Article L. 613-61-1 to the supervisory board of the AMF and to the other members…
I. – The group resolution scheme provided for in Article L. 613-60 must satisfy the following conditions: 1° It shall comply with the preventive resolution plans drawn up pursuant to paragraph 3 of sub-section 3 of this section, except in cases where the other resolution authorities concerned consider that the objectives of the resolution will be better achieved by other means ; 2° It describes the resolution measures that the…
The resolution college shall provide all the cooperation required to the consolidated resolution authority and to the other member authorities of the colleges of resolution authorities defined in Articles L. 613-59 and L. 613-59-1. When the resolution authority of another Member State reduces or converts own funds instruments referred to in I of Article L. 613-48 or implements one or more resolution measures, the resolution college shall provide all the…
I. – When it decides that a person referred to in I of Article L. 613-34 which is a subsidiary of a group within the meaning of I of Article L. 511-20 meets the conditions for initiating resolution proceedings referred to in II of Article L. 613-49 or, where applicable, those referred to in I and II of Article L. 613-49-1, the resolution college shall send, without delay, to the…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
