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

A financial holding company is a financial institution within the meaning of Article L. 511-21 whose subsidiaries are exclusively or mainly institutions or financial institutions, at least one of these subsidiaries being an institution, and which is not a mixed financial holding company. For the purposes of the previous paragraph, the word “institution” shall be understood within the meaning of Article 4(1)(3) of Regulation (EU) No 575/2013 of the European…