Section 4: Measures to prevent and manage banking crises

I. – The collège de résolution may require the issue of new equity securities mentioned in Chapter II of Title I of Book II or other ownership securities or other equity instruments, including preference shares and conditional convertible instruments by the following persons 1° The persons mentioned in I of Article L. 613-34 subject to a resolution procedure ; 2° A parent institution in a Member State, a parent institution…

I. – Except in the cases provided for in 2° of I of Article L. 613-55-1, the resolution college may cancel debt instruments and other eligible commitments issued by a person referred to in I of Article L. 613-34 subject to a resolution procedure. II. – The resolution board may modify the maturity of debt instruments and other commitments eligible for internal bail-in issued by a person referred to in…

I. – Subject to the provisions of III and V of Article L. 613-57-1, the collège de résolution may release the financial instruments defined in Article L. 211-1, rights, assets or commitments of the person in question from any commitment or security when they are transferred. A right to compensation granted under the provisions of this section may not be considered as a commitment or security within the meaning of…

I. – For the purposes of implementing Article L. 613-55-6, the resolution board may automatically terminate the financial and derivative contracts mentioned in Sections 4 to 10 of Section C of Annex I to Directive 2004/39/EU of the European Parliament and of the Council of 21 April 2004 on markets in financial instruments amending Council Directives 85/611/EEC and 93/6/EEC and Directive 2000/12/EC of the European Parliament and of the Council…

The resolution college may suspend any obligation to pay or deliver financial instruments resulting from a contract to which a person mentioned in I of Article L. 613-34 subject to a resolution procedure is bound. This suspension takes effect from the publication of the notice of suspension referred to in III of Article L. 613-58 and ends at midnight on the business day following the day of publication. The collège…

I. – Provided that the guarantee or payment and financial instrument delivery obligations under the contract continue to be performed, the resolution college may suspend the termination rights of any party to a contract entered into with: 1° A person referred to in I of Article L. 613-34 subject to a resolution procedure ; 2° A subsidiary of the person mentioned in 1° when the following conditions are met: a)…

At the request of the resolution board and under the conditions and for the period it has determined, the Chairman of the Autorité des marchés financiers or his representative shall require the market undertaking to suspend all or part of the trading in financial instruments admitted to a regulated market and issued by a person referred to in I of Article L. 613-34 that has been the subject of a…