Section 2: General provisions

The regulated entities referred to in 1° of Article L. 517-2 belonging to a financial conglomerate are subject to the supplementary supervision provided for in this subsection and in Articles L. 633-1 to L. 633-14, without prejudice to the sectoral rules applicable to them.

I. – Supplementary supervision at the level of a conglomerate applies to regulated entities which meet one of the following criteria: 1° It constitutes the head of the conglomerate ; 2° Its parent undertaking is a mixed financial holding company which has its registered office in a Member State or in another State party to the Agreement on the European Economic Area; 3° It is linked, within the meaning of…

Regulated entities in a financial conglomerate are subject to supplementary requirements regarding capital adequacy, intra-group transactions between different entities in the conglomerate, risk concentration, risk management procedures and internal control mechanisms. The Autorité de contrôle prudentiel et de résolution may set quantitative limits to any risk concentration at the level of the financial conglomerate or take other supervisory measures to achieve the objectives of supplementary supervision with regard to any…

I. – Mixed financial holding companies whose coordinator is the Autorité de contrôle prudentiel et de résolution are subject to the provisions of the second paragraph of Article L. 511-13 and to the provisions of Articles L. 511-33 to L. 511-38 and L. 511-41 . They also ensure that their subsidiaries properly apply the governance provisions of this Book and take the necessary measures to ensure that governance is appropriate…