Chapter III: Crisis prevention and management measures

When it decides on the automatic transfer of a portfolio of insurance contracts concluded in the territory of one or more Member States of the European Economic Area, pursuant to Article L. 311-31, Article L. 311-36, II of Article L. 311-42 or II of Article L. 311-48, the resolution college shall notify the competent authorities of the countries in which these insurance contracts were concluded and, where applicable, the competent…

In exercising their powers, the college of supervisors and the college of resolution assess the potential effects of disclosure of information relating to the person concerned or to the resolution procedure. In particular, they assess the potential effects of disclosing information contained in the preventive recovery plan referred to in Article L. 311-5 and in the preventive resolution plan referred to in Article L. 311-8. On the basis of this…

The cooperation agreements entered into pursuant to Article L. 311-59 and Article L. 311-60 with the competent supervisory authorities or the resolution authorities are authorised by the college of supervisors or the college of resolution, depending on their respective powers and the content of these agreements as submitted to the assessment provided for in Article R. 311-22.

The resolution college shall determine the operating procedures of the college of competent authorities provided for in II of Article L. 311-59. Where it coordinates the activities of one of the formations of this college, the resolution college shall: 1° Establish, after consulting the other members of this college, the written terms and procedures for the operation of this college; 2° Inform the members of the scheduled meetings of the…

When the procedures for transmitting information to the funds mentioned in 3° of IV of Article L. 311-18 do not guarantee an appropriate level of confidentiality, the college of supervisors or the college of resolution shall establish appropriate communication procedures ensuring the required level of confidentiality.

The publication of the decision of the resolution board referred to in Article L. 311-53 is accompanied by a copy of this decision. The latter shall specify the date of entry into force of the resolution measure adopted.