Subsection 2: Withdrawal of authorisation and deregistration of investment firms

The Autorité de contrôle prudentiel et de résolution may withdraw the authorisation of an investment firm at the request of the firm. It may also be decided ex officio by the AMF in the following cases: 1° The investment firm has obtained authorisation by making false statements or by any other irregular means ; 2° If it is class 1a, the investment firm no longer meets the prudential requirements set…

The removal of an investment firm from the list of authorised investment firms other than a portfolio management company may be ordered as a disciplinary sanction by the Autorité de contrôle prudentiel et de résolution. Deregistration entails the liquidation of the legal entity if it has its registered office in France. In the case of branches of investment firms having their registered office outside the European Economic Area, this deregistration…

The Minister responsible for the economy shall specify the conditions for the application of articles L. 532-6 and L. 532-7. In particular, it shall set the terms and conditions under which : a) Decisions to withdraw authorisation and to deregister are brought to the attention of the public ; b) Financial instruments held in accounts with the company may be transferred to an investment services provider other than a portfolio…