Subsection 1: Conditions for initiating resolution proceedings

I.-The supervisory board and the members mentioned in 1° and 2° of I of Article L. 612-8-1 of the Monetary and Financial Code may refer the situation of a person mentioned in Article L. 311-1 to the resolution board of the Autorité de contrôle prudentiel et de résolution with a view to implementing one or more resolution measures. However, in the case provided for in 6° of II of this…

Without prejudice to the provisions of Article L. 325-1, the resolution board may decide to withdraw all or part of the authorisation of a person subject to resolution proceedings, where appropriate after implementing resolution measures. The decision to fully withdraw the authorisation of this person does not automatically result in the dissolution of the undertaking. Judicial liquidation, governed by Chapter VI of Title II of Book III of this Code,…

Articles L. 632-1 to L. 632-4 of the French Commercial Code do not apply to measures decided by the resolution college pursuant to this chapter or to acts carried out by the persons it appoints pursuant to Article L. 311-29.

A decree of the Conseil d’Etat shall specify the conditions of application of this sub-section.