Section 5: Implementation of the deposit guarantee and resolution fund

The collège de résolution may, with the agreement of the fonds de garantie des dépôts et de résolution, transfer to this fund all or part of the equity securities mentioned in Chapter II of Title I of Book II or other ownership securities issued by a person mentioned in I of Article L. 613-34 subject to a resolution procedure.

The Autorité de contrôle prudentiel et de résolution shall hear the chairman of the management board of the fonds de garantie des dépôts et de résolution on any matter concerning an institution for which it intends to call on the guarantee fund or for which it intends to propose that the fund intervene on a preventive basis. The Chairman of the Management Board may also be heard, at his request,…

When part of the deposits eligible for the guarantee mentioned in Article L. 312-4-1 of an institution subject to a resolution procedure is transferred to another entity, depositors may not claim any compensation under this guarantee for the part of their deposits which exceeds the compensation ceiling set pursuant to 2° of Article L. 312-16 and which is left on account with this entity or institution subject to the resolution…