Section 3: Conditions for admission to the profession

A finance company’s authorisation may be withdrawn by the Autorité de contrôle prudentiel et de résolution at the company’s request. It may also be decided ex officio by the Autorité in the following cases: 1° The company has obtained authorisation by making false declarations or by any other irregular means ; 2° The company no longer meets the prudential requirements set out in Part Three, Part Four or Part Six…

In the cases provided for in Articles L. 511-15 and L. 511-15-1, the funds repayable from the public referred to in Article L. 312-2 and the other repayable funds are repaid by the credit institution or finance company on their due date or, if this due date is after expiry of the period referred to in III of Article L. 511-15 or in the third paragraph of Article L. 511-15-1,…

I. – In the cases provided for in Articles L. 612-39 and L. 612-40 where, on a proposal from the Autorité de contrôle prudentiel et de résolution, the European Central Bank has ordered the total withdrawal of authorisation from a credit institution, this decision shall result in the liquidation of the legal entity, if it has its registered office in France. In cases where, pursuant to Articles L. 612-39 and…

The Minister responsible for the economy shall specify the conditions for the application of articles L. 511-15 to L. 511-17. In particular, he shall set the terms and conditions under which : 1. Decisions to withdraw authorisation and to deregister are made public; 2. In addition to the option of using the other legal methods of assignment and of making the assignment effective against third parties, the assignment of claims…

When credit institutions having their head office abroad open offices for information, liaison or representation, the opening of these offices must be notified in advance to the Autorité de contrôle prudentiel et de résolution. These offices may use the name or business name of the credit institution they represent.

I. – A parent undertaking is an undertaking which has exclusive control, within the meaning of article L. 233-16 of the Commercial Code, over one or more other undertakings or which exercises a dominant influence over them by virtue of the existence of substantial and lasting links of solidarity resulting from financial commitments, shared management or shared services. A subsidiary of a credit institution, a finance company, an investment firm,…