Call Us + 33 1 84 88 31 00

Chapter III: Provisions specific to credit institutions, finance companies, investment firms, electronic money institutions, payment institutions and central counterparties

Article L613-20-1 of the French Monetary and Financial Code

I. – Subject to the provisions of Article L. 517-12, the Autorité de contrôle prudentiel et de résolution shall exercise supervision on a consolidated basis of a group within the meaning of Articles L. 511-41-2 and L. 533-4-1 or, where applicable, supervision of compliance with the group capitalisation test referred to in Article 8 of Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019…

Read More »

Article L613-20-2 of the French Monetary and Financial Code

I. – In order to facilitate the supervision of groups on a consolidated basis, the Autorité de contrôle prudentiel et de résolution shall establish colleges of supervisors comprising the competent authorities of the Member States of the European Union or of other States party to the Agreement on the European Economic Area responsible for the supervision of subsidiaries or branches of significant importance, and those responsible for the supervision of…

Read More »

Article L613-20-4 of the French Monetary and Financial Code

I. – When, as the authority responsible for supervision on a consolidated basis, the Autorité de contrôle prudentiel et de résolution receives an application for authorisation to use an internal risk assessment approach as referred to in Article L. 511-41 on behalf of several credit institutions or investment firms belonging to the same group and established in at least two Member States of the European Union or parties to the…

Read More »

Article L613-20-5 of the French Monetary and Financial Code

Where warranted by an emergency situation, in particular that described in Article 18 of Regulation (EU) No 1093/2010, or an adverse development that is likely to threaten market liquidity or the stability of the financial system of another Member State of the European Union or another State party to the Agreement on the European Economic Area, the Autorité de contrôle prudentiel et de résolution shall alert as soon as possible…

Read More »

Article L613-20-6 of the French Monetary and Financial Code

I. – Where the Autorité de contrôle prudentiel et de résolution, as the authority responsible for supervision on a consolidated basis, intends to take one or more of the measures provided for in Articles L. 511-41-5 or L. 612-34-1 against the parent undertaking of a group, it shall notify its intentions to the European Banking Authority and, where appropriate, to the other competent authorities. In reaching its decision, the Autorité…

Read More »

Article L613-20-6-1 of the French Monetary and Financial Code

When, as the authority responsible for supervision on a consolidated basis, the Autorité de contrôle prudentiel et de résolution receives an application for approval or exemption from approval referred to in Articles L. 517-13 and L. 517-14 from a financial holding company or mixed financial holding company established in another Member State, or when it intends to take the measures referred to in Articles L. 517-16 and L. 517-17 against…

Read More »

Article L613-21-1 of the French Monetary and Financial Code

The Autorité de contrôle prudentiel et de résolution shall cooperate closely with the other competent authorities within the meaning of point 40 of paragraph 1 of Article 4 of Regulation (EU) No 575/2013 and within the meaning of point 7 of paragraph 1 of Article 4 of Regulation (EU) 2019/2033. It shall provide them with any information which is essential or relevant for the performance of their supervisory duties. It…

Read More »

Article L613-21-2 of the French Monetary and Financial Code

I. – The Autorité de contrôle prudentiel et de résolution shall consult the competent authorities within the meaning of Article 4(1)(40) of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 or, where applicable, within the meaning of Article 4(1)(7) of Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019, before taking any decision likely to have…

Read More »

Contact a French lawyer now

Contact a French Business Lawyer

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.

Useful links

You have a question in French Business Law?

Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.

All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.