Section 1: Supervision of groups on a consolidated basis

The Autorité de contrôle prudentiel et de résolution shall chair and organise meetings of colleges of supervisors on the basis of the relevance of the supervisory activity to be planned or coordinated and, in particular, the potential impact on the stability of the financial system in the Member States concerned. When establishing a college of supervisors in accordance with Article L. 613-20-2, the Autorité de contrôle prudentiel et de résolution…

Prior to each meeting of a college of supervisors, the Autorité de contrôle prudentiel et de résolution shall inform all members of the college of supervisors of the organisation of the meeting, the main issues to be discussed and the activities to be examined. It shall inform all members of the measures taken or actions undertaken.

The Autorité de contrôle prudentiel et de résolution may invite the competent authority of a Member State of the European Union or of another State party to the Agreement on the European Economic Area responsible for the supervision of a branch of significant importance to become a member of the college of supervisors of the entity supervised by the Autorité de contrôle prudentiel et de résolution. The Autorité de contrôle…

Before inviting a supervisory authority from a third country to participate in one of the colleges of supervisors mentioned in Article L. 613-20-2, the Autorité de contrôle prudentiel et de résolution shall ensure that the other members of the college of supervisors consider that the confidentiality obligations incumbent on this authority pursuant to its national regulations are of an equivalent level to those imposed pursuant to Article L. 612-17 and…