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Article L613-44 of the French Monetary and Financial Code

I.-Credit institutions and investment firms shall at all times comply with a minimum requirement for own funds and eligible commitments. This requirement is expressed as a percentage of 1° Of the total amount of risk exposure of the resolution entity concerned, calculated, for Class 1a credit institutions and investment firms, in accordance with Article 92(3) of Regulation (EU) No 575/2013 and for Class 2 and Class 3 investment firms, in…

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Article L613-44-1 of the French Monetary and Financial Code

The resolution college shall ensure compliance by the persons under its jurisdiction with the requirements set pursuant to Article L. 613-44 in coordination with the supervisory college. Where the resolution college, or the supervisory college, finds that the persons referred to in Article L. 613-34 who are subject to the minimum capital requirement and eligible commitments are not complying with this requirement, it shall remedy the situation by using the…

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