Subsection 2: Approval procedure

For authorisation under the conditions set out in I of Article L. 513-5, the association submits a file to the Autorité de contrôle prudentiel et de résolution, the composition of which is set by order of the Minister for the Economy.

On the basis of the information provided in the application, the Autorité de contrôle prudentiel et de résolution shall assess whether the association meets the conditions laid down in Articles L. 513-3 to L. 513-7 and the provisions of this chapter. If it considers that the application is incomplete, the AMF will ask the association to provide the additional information it needs to make its decision.

The Autorité de contrôle prudentiel et de résolution shall give its decision on the application for authorisation within three months of the date of receipt of a complete file. It will notify the association of its decision. If the AMF remains silent at the end of this period, the application for authorisation is deemed to have been accepted. The updated list of approved associations may be consulted on the websites…