Section 7: Prudential provisions.

The Autorité de contrôle prudentiel et de résolution shall take into account any guidelines issued by the European Banking Committee for the application of Article L. 511-41-1.

I. – The threshold mentioned in the first paragraph of I of Article L. 511-47 is set on the basis of the book value of assets corresponding to trading activities in financial instruments at 7.5% of the balance sheet of the entity concerned. For the purposes of this article, the book value of trading activities in financial instruments is either that of assets at fair value through profit or loss…

Credit institutions and finance companies disclose in their annual reports the return on their assets, calculated by dividing their net profit by their balance sheet total.

Within credit institutions and finance companies, the members of the Board of Directors or the Supervisory Board, on the one hand, and the members of the Management Board or any other body exercising equivalent functions or any persons who effectively manage the business of the institution within the meaning of Article L. 511-13, on the other hand, collectively have the necessary knowledge, skills and experience referred to in Article L….

Each of the persons who effectively directs the business of the credit institution or finance company within the meaning of Article L. 511-13 and each member of the Board of Directors, the Supervisory Board, the Management Board or any other body exercising equivalent functions shall demonstrate the honesty, integrity and independence of mind necessary to assess and, if necessary, effectively challenge the management decisions taken and to ensure the effective…

I. – With effect from financial years beginning on or after 1 January 2014, the persons referred to in II of Article L. 511-45 shall draw up a table grouping together the information relating to their establishments by State or territory, referred to in 1° of III of the same article, as well as a table grouping together by State or territory the other information referred to in III of…