Subsection 2: Organisation

Each section of the AMF’s Supervisory Board or Resolution Board meets when convened by its Chairman. Where, pursuant to Article L. 612-10, a member does not take part in a meeting of the Supervisory Board or the Resolution Board, that member shall count towards the quorum. Minutes are kept of the meetings of the Authority. The names of the members present and of those members who did not take part…

When a panel of the supervisory board, or where applicable a specialised commission, decides by written consultation, in application of the third paragraph of Article L. 612-13, the Chairman shall, within a time limit that he shall set, obtain the votes of the members and the observations of the Director General of the Treasury and, where applicable, the Director of Social Security or their representatives. This period may not be…

When the resolution board decides by written consultation in application of the first paragraph of IV of Article L. 612-8-1, the chairman shall obtain the votes of the members within a time limit that he shall set. This period may not be less than forty-eight hours from the time the documents are sent. If a member so requests in writing within this period, the vote shall be taken at the…

In order to guarantee identification and effective participation in the meeting of a panel of the Supervisory Board ruling by means of teleconferencing pursuant to the fourth paragraph of Article L. 612-13, these means must at least allow the voice of the participants to be transmitted and must meet the technical characteristics allowing continuous and simultaneous retransmission of the deliberations.

In order to guarantee identification and effective participation in the meeting of the resolution board ruling by means of teleconferencing pursuant to the second paragraph of IV of Article L. 612-8-1, these means shall at least enable the voice of the participants to be transmitted and shall comply with technical characteristics enabling continuous and simultaneous retransmission of the deliberations.

I. – Pursuant to 1° of II of Article L. 612-14, the Supervisory Board may delegate its powers to the Chairman or, in his absence or impediment, to the Vice-Chairman or to another of its members, to take individual decisions falling within its remit, with the exception of those mentioned in Articles L. 511-41-3, L. 522-15-1, L. 526-29, L. 612-30, L. 612-32 to L. 612-34 and the first paragraph of…

The departments mentioned in II of Article L. 612-8-1, which are responsible for preparing the work of the resolution board and implementing its decisions, are set up as a resolution department within the Autorité de contrôle prudentiel et de résolution. This department may obtain from the other departments of the Autorité de contrôle prudentiel et de résolution, in addition to access to the information mentioned in the last paragraph of…

I. – Pursuant to IV of Article L. 612-8-1, the resolution board may, when initiating resolution proceedings, delegate to its chairman the power to take individual decisions in connection with such proceedings. This delegation may not concern decisions to initiate sanction proceedings referred to in Article L. 612-38. II. – Pursuant to III of Article L. 612-15-1, the Resolution Board may also delegate to the Director in charge of the…