Subsection 1: Governance rules

The association shall equip itself with the resources it needs to support its members in carrying out their activities and complying with their obligations. It shall put in place an organisation and written procedures enabling it to carry out the tasks referred to in section 4 in accordance with the applicable legal and regulatory provisions. To this end, it shall have at its disposal staff specifically assigned to the performance…

The association draws up a code of conduct setting out the rules applicable to its members. This code may be common to one or more approved associations. The association may ask the Autorité de contrôle prudentiel et de résolution to approve this code under the conditions set out in Article L. 612-29-1.

In addition to the committee provided for in article R. 519-51, the association’s articles of association set up a general meeting and a board of directors. These articles of association lay down the composition and powers of these bodies and the procedures for representing the association in dealings with third parties. The association ensures that the diversity of its members is represented, particularly in the composition of its governing bodies.

If the association is also authorised underArticle L. 513-5 of the Insurance Code or III of Article L. 541-4 of this Code, it may set itself up according to a federal model, separating each of its activities into separate associations, or set itself up as an integrated structure in which all its activities are represented within the same association. The association must set up cost accounting to enable the Autorité…