Subsection 2: Provisions relating to the use of administrative police powers in resolution proceedings

The mandate of the resolution administrator referred to in I of Article L. 311-29 shall take into account the situation of the person in resolution. It shall specify the powers transferred to the administrator, the scope of the administrator’s mission and, where applicable, the administrator’s decisions subject to the prior approval of the resolution college. The mandate also specifies the duration of the assignment and the terms of remuneration of…

When the collège de résolution temporarily suspends, restricts or prohibits the free disposal of all or part of the assets of a person subject to resolution proceedings, pursuant to 6° of Article L. 311-30, it may prescribe, in accordance with the procedures set out inArticle R. 612-9 of the Monetary and Financial Code, any issuing entity or custodian to refuse the execution of any transaction involving accounts or securities belonging…