Subsection 5: Procedural provisions and respect for the rights of policyholders and creditors

Measures taken by the resolution board pursuant to Articles L. 311-29 to L. 311-48 may be relied on against third parties without further formality, as soon as they are published on the website of the Autorité de contrôle prudentiel et de résolution. The date and time of publication shall be mentioned. The Autorité guarantees effective public access to the website and continuity of the online publication of the above-mentioned information…

For the purposes of Article L. 311-50, the resolution college shall present to potential acquirers the terms and timetable for the transfer of securities implemented under the procedure provided for in that article. It shall ensure that all potential acquirers that have informed it of their interest have the same level of information about the transaction.

The services and infrastructures referred to in I of this Article L. 311-51 are provided to the purchaser: 1° On the terms set out in an agreement concluded between the person subject to a resolution procedure and the purchaser, where they were provided, under the terms of this agreement, immediately prior to the application of a resolution measure; 2° In the absence of such an agreement or where the agreement…

When considering taking a resolution measure against a person mentioned in I of Article L. 311-1, the resolution board shall: 1° Indicate the reasons for this decision, including the finding that the person still meets the conditions for triggering a resolution procedure ; 2° Specify the measure it intends to take, including, where applicable, the request to open compulsory liquidation proceedings or any other measure taken pursuant to Chapter VI…