Subsection 1: Financial holding companies and parent companies of finance companies.

The statutory auditors referred to in Article L. 511-38 are appointed by the body of these institutions responsible for approving the financial statements. They are appointed for six financial years. Their term of office expires after the body competent to approve the accounts has ruled on the accounts for the sixth financial year. They may be reappointed.

The provisions of the first and third paragraphs of Article D. 612-53 and of Articles D. 612-54, D. 612-58 and R. 612-59 are applicable to financial holding companies and parent undertakings of finance companies subject to supervision by the Autorité de contrôle prudentiel et de résolution which have their registered office in a State party to the Agreement on the European Economic Area, for persons responsible for carrying out statutory…