Section III: Provisions relating to the division of powers between authorities

I.-If the principal place of business of an insurance or reinsurance intermediary or an insurance intermediary on an ancillary basis registered in another Member State and carrying on business or likely to carry on business in France is located on French territory, the Autorité de contrôle prudentiel et de résolution may agree with the competent authority of the intermediary’s home Member State to act in relation to the intermediary as…