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Article L613-37 of the French Monetary and Financial Code

I. – Where it is responsible for the supervision of a group on a consolidated basis, the college of supervisors shall communicate the preventive group recovery plans referred to it pursuant to VII of Article L. 613-35: 1° To the competent authorities responsible for the supervision of subsidiaries established in another Member State of the European Union ; 2° To the competent authorities of the other Member States of the…

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Article L613-37-1 of the French Monetary and Financial Code

I. – When a matter is referred to it by the authority of another Member State of the European Union responsible for the supervision of a group on a consolidated basis, for the purposes of examining and assessing a preventive group recovery plan, the college of supervisors shall provide all the cooperation required. The supervisory board shall ensure, insofar as it is concerned, compliance with the requirements referred to in…

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