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Article L613-59 of the French Monetary and Financial Code

I. – Subject to Article L. 613-59-1, where the resolution college exercises the powers provided for in this section at group level, it shall set up a college of resolution authorities to carry out the tasks referred to in Articles L. 613-40, L. 613-40-1, L. 613-43, L. 613-43-1, L. 613-44, R. 613-46-5, L. 613-60, L. 613-60-1 and L. 613-60-2. 613-40, L. 613-40-1, L. 613-43, L. 613-43-1, L. 613-44, R. 613-46-5,…

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Article L613-59-1 of the French Monetary and Financial Code

I. – Where a credit institution, an investment firm or a parent undertaking established in a non-EU Member State has in France and in at least one other EU Member State a subsidiary or branch considered to be of significant importance both by France and by another EU Member State, the collège de résolution shall set up, jointly with the resolution authorities of the Member States concerned, a college of…

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Article L613-59-2 of the French Monetary and Financial Code

Where the resolution college exercises the powers provided for in this section at group level, it shall coordinate the exchange of all relevant information between the resolution authorities. In particular, it shall transmit in a timely manner to the resolution authorities of the other Member States all relevant information with a view to facilitating the performance of the tasks mentioned in points 2° to 7° of III of Article L….

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