Sub-paragraph 5: Provisions relating to the establishment of an asset management structure

I. – The resolution board may use one or more asset management structures to which all or part of the assets, rights or obligations of a person subject to a resolution procedure or a bridge institution are transferred, on one or more occasions. These structures are responsible for managing these assets with a view to realising them at the best price. When an asset management vehicle is created to receive…

I. – Any property, right or obligation acquired by the asset management vehicle may be transferred back to its original owner. Except where the transferee is a bridge institution, this transfer does not require the consent of the original owner. II. – This new transfer may only be decided by the collège de résolution where it was expressly provided for in the initial transfer deed or where it relates to…

The provisions of the second paragraph of Article L. 613-52, of II of Article L. 613-52-2, of Article L. 613-52-3, of V of Article L. 613-53 and of I of Article L. 613-53-1 shall apply when an asset management vehicle is used.