Chapter III: Supplementary supervision of financial conglomerates

Where the coordinator of a financial conglomerate is an authority of another Member State or party to the Agreement on the European Economic Area, it shall carry out the tasks defined in Article L. 633-3 with regard to entities established in France.

In order to facilitate the exercise of supplementary supervision and their respective supervisory tasks, the Autorité de contrôle prudentiel et de résolution shall enter into coordination agreements with the relevant competent authorities and, where necessary, any other relevant competent authority. These agreements may entrust additional tasks to the coordinator and specify the procedures to be followed in the context of supplementary supervision. They may also specify the arrangements for coordination…

The Autorité de contrôle prudentiel et de résolution and, where applicable, the Autorité des marchés financiers shall cooperate with the competent authorities responsible for the supervision of regulated entities belonging to a financial conglomerate and, where they do not perform this role, with the coordinator. The conditions for the application of this article shall be laid down by decree in the Conseil d’Etat.

For the purposes of exercising their respective functions, the competent authorities may exchange information relating to regulated entities in a financial conglomerate with the central banks of the Member States or other States party to the Agreement on the European Economic Area, the European System of Central Banks, the European Central Bank, the European Systemic Risk Board and the Joint Committee of European Supervisory Authorities. The conditions for application of…

Cooperation between authorities, the performance of the duties of the coordinator and, where necessary, appropriate coordination and cooperation with the relevant supervisory authorities of third countries shall be ensured, in compliance with confidentiality requirements and applicable law, through the colleges of supervisors referred to in Article L. 613-20-2 or the colleges of supervisors referred to in 7° of Article L. 356-1 of the Insurance Code. The coordinator, as chairman of…