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Article R511-17 of the French Monetary and Financial Code

I. – The rules limiting the number of directorships provided for in II to IV of article L. 511-52 apply within a credit institution or finance company that meets one of the following conditions: 1° The balance sheet total, corporate or consolidated, exceeds fifteen billion euros for two consecutive financial years; 2° The Autorité de contrôle prudentiel et de résolution has decided that the credit institution or finance company is…

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