Section I: Services provided by an institution for occupational retirement provision established in another Member State of the European Union or in another State party to the Agreement on the European Economic Area

The transactions referred to in article L. 370-2 are subject to this Title. Articles R. 143-2 to R. 143-5 apply to these transactions.

The provisions of 1° of Article R. 332-3-1 apply to the portion of the institution’s assets corresponding to the operations mentioned in Article L. 370-2. In addition, all securities issued, loans obtained or guaranteed and deposits placed with undertakings belonging to the same group within the meaning of Article L. 356-1 may not exceed 10% of the said portion of assets.

The balance sheet value of the shares and units referred to in 6°, 7° to 7°c of Article R. 332-2 and of any other security not admitted to trading on a regulated market may not exceed 30% of the dispersion base defined in Article R. 332-3 and applied to the portion of the institution’s assets corresponding to the operations referred to in Article L. 370-2.

The institutions referred to in Article L. 370-1 may not cover up to 30% of the commitments relating to these operations with matching assets.

Where an institution referred to in Article L. 370-1 offers services not covered by Article L. 370-2, the Autorité de contrôle prudentiel et de résolution, without prejudice to the second paragraph of Article L. 370-4, shall immediately inform the competent authority of the State in which the institution is authorised. This article does not apply to the operations referred to in Title VI.

When the supervisory authority decides to initiate disciplinary proceedings under Article L. 370-4, it shall immediately inform the competent authority of the State concerned. Such proceedings shall be conducted in accordance with the conditions laid down in Section 3 of Chapter II of Title I of Book III.

For the application of the first paragraph of article L. 370-3, an order of the Minister responsible for the economy specifies the information sent to the Autorité de contrôle prudentiel et de résolution.