Subsection 3: Resources of the deposit guarantee and resolution fund

I. – The members of the Deposit Guarantee and Resolution Fund shall provide it with the financial resources necessary to carry out its duties as set out in Article L. 312-4, both for the mechanisms for which it is responsible and for its operation. These contributions are annual. If necessary, the Deposit Guarantee and Resolution Fund may also raise exceptional contributions. Contributions are payable by members of the fund who…

Any member who fails to pay the Fonds de Garantie des Dépôts et de Résolution its called-up contribution or who fails to meet its obligations towards the fund as set out in article L. 312-15 is liable to the penalties set out in articles L. 612-39 and L. 612-40 and to late payment penalties paid directly to the fund in accordance with the procedures defined by the fund’s internal regulations.

I. – The Autorité de contrôle prudentiel et de résolution shall determine the method for calculating contributions to the deposit guarantee scheme. These contributions are based on the amount of guaranteed deposits of each member. This base takes into account the risk profile of the various members. The AMF also sets the conditions under which these contributions may be refunded in the event of a downward variation in the base…

I. – For the application of III of Article L. 312-4, the Deposit Guarantee and Resolution Fund may be responsible for informing depositors of the branches mentioned in this III on behalf of the authorities of another State party to the Agreement on the European Economic Area responsible for the administration or management of an equivalent deposit guarantee mechanism. On this occasion, it may receive any requests or complaints made…