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Article L612-38 of the French Monetary and Financial Code

One of the formations of the supervisory board or the resolution board shall examine the conclusions drawn by the departments of the Autorité de contrôle prudentiel et de résolution in the course of its supervisory duties or the report drawn up pursuant to Article L. 612-27, with a view to initiating sanction proceedings. The chairman of the panel of the supervisory board or the resolution board, as the case may…

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