Chapter IV: Portfolio transfers.

The transfer of all or part of a portfolio of insurance contracts concluded in the territory of the French Republic under the right of establishment or the freedom to provide services from an insurance undertaking in the European Union to an assignee established in a Member State of the European Union or to an assignee authorised in accordance with the provisions of articles L. 321-7 and L. 329-1 may be…

When the Autorité de contrôle prudentiel et de résolution is consulted by the supervisory authority of the transferring undertaking regarding the transfer of risks or commitments situated in France by an insurance undertaking whose head office is situated in another Member State of the European Union, it shall give its opinion or its agreement within three months of receipt of the request.