Subsection 1: Supervision on a consolidated basis by the Autorité de contrôle prudentiel et de résolution and college of supervisors

I. – Subject to the provisions of Article L. 517-12, the Autorité de contrôle prudentiel et de résolution shall exercise supervision on a consolidated basis of a group within the meaning of Articles L. 511-41-2 and L. 533-4-1 or, where applicable, supervision of compliance with the group capitalisation test referred to in Article 8 of Regulation (EU) 2019/2033 of the European Parliament and of the Council of 27 November 2019…

I. – In order to facilitate the supervision of groups on a consolidated basis, the Autorité de contrôle prudentiel et de résolution shall establish colleges of supervisors comprising the competent authorities of the Member States of the European Union or of other States party to the Agreement on the European Economic Area responsible for the supervision of subsidiaries or branches of significant importance, and those responsible for the supervision of…

The provisions of Chapter II of Title III of this Book, in particular Articles L. 632-1, L. 632-3, L. 632-5 and L. 632-12, shall apply to the exercise of the powers and to the agreements referred to in this Section.

I. – When, as the authority responsible for supervision on a consolidated basis, the Autorité de contrôle prudentiel et de résolution receives an application for authorisation to use an internal risk assessment approach as referred to in Article L. 511-41 on behalf of several credit institutions or investment firms belonging to the same group and established in at least two Member States of the European Union or parties to the…

Where warranted by an emergency situation, in particular that described in Article 18 of Regulation (EU) No 1093/2010, or an adverse development that is likely to threaten market liquidity or the stability of the financial system of another Member State of the European Union or another State party to the Agreement on the European Economic Area, the Autorité de contrôle prudentiel et de résolution shall alert as soon as possible…

I. – Where the Autorité de contrôle prudentiel et de résolution, as the authority responsible for supervision on a consolidated basis, intends to take one or more of the measures provided for in Articles L. 511-41-5 or L. 612-34-1 against the parent undertaking of a group, it shall notify its intentions to the European Banking Authority and, where appropriate, to the other competent authorities. In reaching its decision, the Autorité…

When, as the authority responsible for supervision on a consolidated basis, the Autorité de contrôle prudentiel et de résolution receives an application for approval or exemption from approval referred to in Articles L. 517-13 and L. 517-14 from a financial holding company or mixed financial holding company established in another Member State, or when it intends to take the measures referred to in Articles L. 517-16 and L. 517-17 against…

A decree in the Conseil d’Etat shall specify the terms and conditions for the application of this sub-section.