Subsection 1: Authorisation.

The authorisation referred to in Article 8 of L. 511-6 is issued by the Autorité de contrôle prudentiel et de résolution in accordance with the provisions of this sub-section.

I. – In granting its authorisation, the Autorité de contrôle prudentiel et de résolution takes into account the programme of activities of the third-party financing company, its organisation, the management rules and the technical and financial resources that it plans to implement to ensure sound and prudent management of the credit transactions that it carries out and manages. The AMF also assesses the applicant financial intermediary’s ability to achieve its…