Section II: Provisions relating to the preparation, assessment and implementation of preventive recovery plans

I.-The following are subject to the obligation to draw up and maintain a preventive recovery plan: 1° The persons referred to in Article L. 311-1, whose total assets, assessed in accordance with the provisions of Title V of Book III, have exceeded a threshold set by order of the Minister for the Economy at least once in the last three financial years; 2° The persons referred to in Article L….

The supervisory board examines individual and group preventive recovery plans after an adversarial procedure. If the board considers that a plan has significant shortcomings, it notifies the person who submitted the plan of its decision and invites him to submit, within a period of two months, extendable by one month, an amended plan to remedy these shortcomings. If the College considers that the plan submitted to it at the end…

A decree of the Conseil d’Etat shall specify the conditions for the application of this section, in particular the procedures for the examination of plans by the supervisory board and the exemption of their presentation by the same board.