Subsection 2: Supervision on a consolidated basis by the Autorité de contrôle prudentiel et de résolution and college of supervisors

For the application of IV of Article L. 613-20-4, the Autorité de contrôle prudentiel et de résolution shall take into account, in the reasons for its decision on a consolidated basis, the opinions and reservations expressed within the time limits mentioned in Article R. 613-1 A, as well as the risk assessment of the subsidiaries carried out by the other competent authorities concerned of a Member State of the European…

The Autorité de contrôle prudentiel et de résolution shall communicate to the parent undertaking in the European Union and in the other States party to the Agreement on the European Economic Area, to the central bodies for mutual or cooperative institutions and to all the relevant competent authorities of the other Member States of the European Union or of the other States party to the Agreement on the European Economic…

The joint decisions referred to in II and III of Article L. 613-20-4 are updated annually.

In exceptional cases, the Autorité de contrôle prudentiel et de résolution shall organise, on its own initiative or at the reasoned request of any competent authority responsible for the supervision of a subsidiary in another Member State of the European Union or in another State party to the Agreement on the European Economic Area, the updating of decisions taken pursuant to II and VI of Article L. 511-41-3. This update…

When, pursuant to II of Article L. 613-20-6, the Autorité de contrôle prudentiel et de résolution decides to assess the likely impact of the measures provided for in II of that article on the subsidiary, on group entities in other Member States or on the group as a whole, it shall communicate this assessment to the competent authorities within three days.

The Autorité de contrôle prudentiel et de résolution shall adopt a decision pursuant to III of Article L. 613-20-6 within five days of the notification referred to in I of the same article.