Section 3: Approval of financial holding companies, mixed financial holding companies and parent companies of finance companies

With a view to obtaining their approval, financial holding companies, parent undertakings of finance companies and mixed financial holding companies shall communicate the following information to the Autorité de contrôle prudentiel et de résolution when it is the authority responsible for supervising them on a consolidated basis and, failing that, when their registered office is established in France: 1° The organisational structure of the group to which the financial holding…

The Autorité de contrôle prudentiel et de résolution has six months from receipt of the initial application to notify its acceptance of the application for approval. It has only four months from receipt of the initial application to notify its refusal of the application for approval. Where the application is incomplete, this period runs from receipt of the information required for its decision. However, the total period allowed for the…