Section 2: Composition and operation

The Autorité de contrôle prudentiel et de résolution comprises a supervisory board, a resolution board and an Enforcement Committee. With the exception of sections 4 and 5 of Chapter III of this Title and Chapter II of Title I of Book III of the Insurance Code, and subject to legislative or regulatory provisions to the contrary, the powers conferred on the Autorité de contrôle prudentiel et de résolution are exercised…

The supervisory board of the Autorité de contrôle prudentiel et de résolution is composed of nineteen members: 1° The Governor of the Banque de France, or the Deputy Governor he appoints to represent him, as Chairman ; 1° bis The Chairman of the Autorité des marchés financiers, or his representative; 1° ter Two members appointed for a period of five years, on the basis of their financial and legal expertise…

The restricted formation of the supervisory board is composed of eight members: 1° The Governor of the Banque de France or the Deputy Governor appointed to represent him, Chairman ; 2° The Vice-Chairman ; 3° Two members appointed by the Supervisory Board from among the members mentioned in 7° of Article L. 612-5; 4° Two members appointed by the Supervisory Board from among the members mentioned in 8° of Article…

The supervisory board shall set up two sectoral sub-boards from among its members: 1° The insurance sector sub-committee has eight members: the Vice-Chairman, the Governor of the Banque de France or the Deputy Governor appointed to represent him, the four members mentioned in 7° of Article L. 612-5 and two members appointed by the College from among the members mentioned in 2° to 6° of the aforementioned article; 2° The…

The supervisory board may set up one or more specialised committees from among its members and delegate to them the power to take individual decisions, under conditions laid down by decree in the Conseil d’Etat.

I.-The resolution college of the Autorité de contrôle prudentiel et de résolution is composed of seven members: 1° The Governor of the Banque de France or his representative, Chairman ; 2° The Director General of the Treasury or his representative; and 3° The Chairman of the Autorité des marchés financiers or his representative; 4° The Deputy Governor appointed by the Governor of the Banque de France, or his representative; 5°…

The Enforcement Committee has six members: 1° Two members of the Conseil d’Etat, appointed by the Vice-President of the Conseil d’Etat, and one member of the Cour de cassation, appointed by the First President of the Cour de cassation ; 2° Three members chosen for their expertise in areas relevant to the performance of the Authority’s duties, appointed by order of the Minister for the Economy. Alternate members are appointed…

All members of the supervisory board, the resolution board or the Enforcement Committee of the Autorité de contrôle prudentiel et de résolution must inform the Chairman of the Autorité de contrôle prudentiel et de résolution : 1° any interests that they have held in the two years preceding their appointment, that they hold or that they come to hold ; 2° any functions in a social, economic or financial activity…

Without prejudice to the provisions of Article L. 612-8-1, the Director General of the Treasury, or his representative, shall sit on all panels of the Autorité de contrôle prudentiel et de résolution without voting rights. He shall not attend the deliberations of the Enforcement Committee. The Director of Social Security, or his representative, sits on the Insurance Sector Sub-Committee or on other AMF panels that deal with bodies governed by…