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Article L633-12 of the French Monetary and Financial Code

I. – If the Autorité de contrôle prudentiel et de résolution, when appointed as coordinator, finds that the regulated entities of a financial conglomerate comply with the requirements referred to in Article L. 517-8 but that their solvency may nevertheless be jeopardised, or that the transactions between the entities of the group or the concentrations of risks threaten the financial situation of the said regulated entities, it may implement against…

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Article L633-13 of the French Monetary and Financial Code

Where a regulated entity uses its membership of a financial conglomerate to evade, in whole or in part, the application of the sectoral rules to which it is subject, the Autorité de contrôle prudentiel et de résolution may use the powers provided for in Sections 5 to 7 of Chapter II and Section 1 of Chapter III of Title I of Book VI. Where the regulated entity referred to in…

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