Paragraph 2: Specific supervision of credit institutions

For the purposes of Article L. 613-33, where the Autorité de contrôle prudentiel et de résolution finds that an institution is infringing or is likely to infringe the provisions of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013, Chapter I of Title I of Book V of this Code or the regulatory provisions adopted for their application, it shall inform the competent…

In an emergency, the Autorité de contrôle prudentiel et de résolution may, before initiating the procedure provided for in Article R. 613-34 or pending the measures to be taken by the home Member State, take any protective measure provided for in Article L. 612-33 to protect against instability in the financial system that could seriously threaten the collective interests of depositors, investors and customers in France. Any measure taken in…

Notwithstanding Articles R. 613-34 and R. 613-35, the Autorité de contrôle prudentiel et de résolution shall exercise over the institutions mentioned in Articles L. 511-22 and L. 511-23 the supervisory and sanctioning powers defined in Sections 5 to 7 of Chapter II of this Title in order to prevent or sanction breaches of the provisions applicable to them in accordance with Article L. 511-24 as well as breaches of rules…

Where an institution carrying on business in another Member State of the European Union or in another State party to the Agreement on the European Economic Area, in accordance with Articles L. 511-27 and L. 511-28, infringes or is likely to infringe a provision in force in the territory of that State which is applicable to it, the Autorité de contrôle prudentiel et de résolution, informed by the competent authorities…