Article L613-47 of the French Monetary and Financial Code
November 7, 2023
I. – Before implementing a measure to reduce the nominal value or conversion of own funds instruments and eligible commitments or a resolution measure, the resolution college shall ensure that a fair, prudent and realistic valuation of the assets and liabilities of the person concerned is carried out by an independent expert. II. – When all the requirements set out in I and IV to IX have been met, the…
