Subsection 2: Financial conglomerates

For the purposes of the supplementary supervision provided for in Chapter III of Title III of Book VI, the following definitions shall apply 1° Regulated entity : a) A credit institution referred to in Article L. 511-1 ; b) A company referred to in Article L. 310-1 of the Insurance Code, a mutual insurance company or a union governed by Book II of the Mutual Insurance Code or a provident…

I. – For the purposes of the supplementary supervision provided for in Chapter III of Title III of Book VI, “group” means: a group referred to in III of Article L. 511-20 or an insurance group referred to in 5° of Article L. 356-1 of the Insurance Code or any sub-group of such groups. II. – A group constitutes a financial conglomerate when the following conditions are met: 1° A…

A mixed financial holding company is a parent undertaking, other than a regulated entity, which has its registered office in a Member State of the European Union or in another State party to the Agreement on the European Economic Area and which, together with its subsidiaries, at least one of which is a regulated entity, forms a financial conglomerate.