Paragraph 1: Common provisions

Within credit institutions and finance companies of significant importance in terms of their size and internal organisation as well as the nature, scale and complexity of their activities, the board of directors, the supervisory board or any other body exercising equivalent supervisory functions shall set up a risk committee, an appointments committee and a remuneration committee. The branches of credit institutions referred to in I of article L. 511-10, where…

The committees referred to in Article L. 511-89 are made up of members of the board of directors, the supervisory board or any other body exercising equivalent supervisory functions who do not exercise management functions within the credit institution or finance company. In the case of a branch of a credit institution referred to in I of Article L. 511-10, the committees and arrangements provided for in the second paragraph…

Where the credit institutions and finance companies referred to in Article L. 511-89 are part of a group subject to supervision by the Autorité de contrôle prudentiel et de résolution on a consolidated or sub-consolidated basis, the board of directors, the supervisory board or any other body exercising equivalent supervisory functions may decide, unless ordered to do so by the Autorité de contrôle prudentiel et de résolution, in accordance with…