Article L517-11 of the French Monetary and Financial Code
November 7, 2023
The Autorité de contrôle prudentiel et de résolution shall ensure that an intermediate parent undertaking is set up at the head of a group whose parent undertaking is established in a third country where the total value of its assets exceeds forty billion euros and provided that there is no other intermediate parent undertaking in the EU. The Autorité de contrôle prudentiel et de résolution shall authorise the establishment of…
