Section 3: Operating resources

The Autorité de contrôle prudentiel et de résolution shall be financially autonomous, within the limits of the proceeds of the contribution referred to in Article L. 612-20, the balance of which shall be carried forward each year, and any additional funds that the Banque de France may allocate to it. The Autorité de contrôle prudentiel et de résolution adopts its budget on the proposal of the Secretary General. This budget…

I. – The Autorité de contrôle prudentiel et de résolution shall have at its disposal the resources provided by the Banque de France. The Secretary General of the Autorité commits the expenditure of the Autorité within the limits of its budget. The Secretary General is delegated by the Banque de France to conclude contracts and issue invitations to tender under the conditions applicable to contracts awarded by the Banque de…

I. – Persons subject to supervision by the Autorité de contrôle prudentiel et de résolution pursuant to Article L. 612-2 are subject to a contribution for supervision costs, which is paid to the Banque de France in respect of their activity as at 1 January each year, with the exception of insurance and reinsurance brokers and brokerage companies referred to in Article L. 511-1 of the French Insurance Code, as…