Subsection 2: Coordination of supervision of relations between regulated professions and their clients

The Autorité de contrôle prudentiel et de résolution and the Autorité des marchés financiers shall set up a joint centre responsible for 1° coordinating the proposals for supervisory priorities defined by the two authorities with regard to compliance with obligations towards their customers by persons subject to their supervision concerning banking or insurance transactions and investment or payment services and any other savings products they offer ; 2° Analysing the…

I. – The coordinator of the division is appointed jointly by the Secretaries General of the Autorité de contrôle prudentiel et de résolution and the Autorité des marchés financiers. Under their joint authority, he is responsible for implementing the missions mentioned in Article L. 612-47. II. – The authorities shall make available to the coordinator and to persons working in the context of the missions coordinated by the centre all…

The Autorité de contrôle prudentiel et de résolution and the Autorité des marchés financiers shall define the operating procedures of the joint centre by agreement. They shall determine, by agreement with the Banque de France, the conditions under which they may use the services of the Banque de France in the context of their duties to supervise relations between the regulated professions and their customers.

Each year, the Autorité de contrôle prudentiel et de résolution and the Autorité des marchés financiers jointly draw up a report on the activities of their joint division.