Article L356-1 of the French Insurance Code
November 8, 2023
For the purposes of this Chapter: 1° “parent undertaking” means an undertaking which exclusively controls an undertaking within the meaning of II of Article L. 233-16 of the Commercial Code. This second undertaking is referred to as a “subsidiary undertaking”. Any subsidiary undertaking of a subsidiary undertaking is considered a subsidiary of the parent undertaking. The Autorité de contrôle prudentiel et de résolution also considers as a parent undertaking, for…
