In accordance with the provisions of III of article L. 310-2-3, foreign companies that have concluded a contract pursuant to 2° of I of article L. 310-2 and are no longer in one of the situations provided for in I of the same article. 1° Communicate within fifteen days of the change in situation referred to in I of article L. 310-2-3, by registered letter or electronic registered mail, to…
The thresholds mentioned in 1° of Article L. 310-3-1 are as follows: -a: 5.4 million euros ; -b: 26.6 million euros; -d: 600,000 euros for gross written premiums or contributions and 2.7 million euros for technical provisions.
The notice referred to in Article R. 310-23 shall specify the time limits to be observed, the penalties provided for in respect of these time limits, the body or authority authorised to receive the lodgement of claims or observations relating to claims and any other measures. The note also indicates whether creditors whose claims are preferential or secured by a security in rem must lodge their claims. In the case…
The threshold mentioned in 1° of I of Article L. 311-5 is 50 billion euros for the persons mentioned in Article L. 311-1 and not subject to group supervision by the Autorité de contrôle prudentiel et de résolution. The threshold mentioned in 2° of I of Article L. 311-5 is 50 billion euros for the persons mentioned in Article L. 311-1 and subject to group supervision by the Autorité de…
I.-For the application of Article L. 311-5, the supervisory board of the Autorité de contrôle prudentiel et de résolution shall decide how often the preventive recovery plan is to be updated, which may not be less than every two years. This decision is taken taking into account the importance and risks presented by the person’s activity with regard to the resolution objectives mentioned in I of Article L. 311-22. However,…
I.-The preventive recovery plan referred to in article L. 311-5 includes appropriate conditions and procedures to ensure the rapid implementation of the recovery measures identified. It considers several serious crisis scenarios, of a macroeconomic and financial nature or resulting from catastrophic events, with serious implications for policyholders, beneficiaries and members, depending on the specific situation of the person or group concerned, including events of systemic proportions and crises specific to…
The preventive resolution plans referred to in article L. 311-8 shall include, quantifying them wherever necessary and possible, the following elements: 1° A description of the legal and organisational structure of the person concerned and, where applicable, its subsidiaries, branches and the group to which it belongs; 2° An analysis of the consequences of a total or partial failure of the person or group concerned, based in particular on the…
For the application of Article L. 311-8, the resolution board of the Autorité de contrôle prudentiel et de résolution may ask the persons for whom it draws up or updates a preventive resolution plan to provide as soon as possible any information necessary for this purpose and which has not already been provided to the authority as part of its other duties.
I.-When carrying out the assessment referred to in Articles L. 311-11 and R. 311-7, the resolution college of the Autorité de contrôle prudentiel et de résolution shall examine : 1° The ability of the person concerned to identify within itself and, where applicable, within the group to which it belongs, the activities representing a significant source of income or profit and the critical functions resulting from its activity; 2° The…
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
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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
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