Subsection 5: Provisions relating to recovery

For the application of X of Article L. 613-47, the provisional valuation provided for by this article includes the amount of losses that can reasonably be expected to be realised in the period between the date of the provisional valuation and the end of the resolution procedure. In order to carry out this provisional valuation, the College of Resolution shall in particular take into account the following elements: 1° The…

For the purposes of Article L. 613-47, the estimate of the losses that the holders of equity securities or other forms of ownership and the creditors of the person subject to a resolution procedure would have suffered in the context of a compulsory liquidation procedure shall take into account the realisable value of the assets on the date on which the decision was taken to subject this person to one…