Subsection 7: Provisions relating to confidentiality and cooperation

I. – In exercising their powers, the supervisory board and the resolution board shall assess the potential effects of disclosure of information relating to the entity concerned or to the resolution procedure. In particular, they shall assess the potential effects of disclosing the information contained in the preventive recovery plans referred to in Article L. 613-35 and the preventive resolution plans referred to in Article L. 613-38 as well as…

The cooperation agreements entered into pursuant to Article L. 632-13-1 with the competent supervisory authorities and the resolution authorities shall be authorised by the college of supervisors or the college of resolution, depending on their respective powers and the content of these agreements. These agreements are notified to the European Banking Authority.

Where the procedures for transmitting information to the persons mentioned in 7° of III of Article L. 613-49 do not guarantee an appropriate level of confidentiality, the supervisory board or the resolution board shall establish communication procedures ensuring the required level of confidentiality.

The notification referred to in II of Article L. 613-58 shall be accompanied by a copy of the decision of the resolution board and shall specify the date on which the resolution measure(s) adopted take(s) effect.

For the application of Article L. 613-59, the College of Resolution shall determine the operating procedures of the college of resolution authorities provided for in that Article. In this respect, the College of Resolution : 1° Establishes, after consulting the other members, the written terms and procedures for the operation of the college of resolution authorities; 2° Chairs the meetings of the college of resolution authorities and coordinates all its…