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French Monetary and Financial Code

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Article L612-4 of the French Monetary and Financial Code

November 7, 2023

The Autorité de contrôle prudentiel et de résolution comprises a supervisory board, a resolution board and an Enforcement Committee. With the exception of sections 4 and 5 of Chapter III of this Title and Chapter II of Title I of Book III of the Insurance Code, and subject to legislative or regulatory provisions to the contrary, the powers conferred on the Autorité de contrôle prudentiel et de résolution are exercised…

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Article L612-5 of the French Monetary and Financial Code

November 7, 2023

The supervisory board of the Autorité de contrôle prudentiel et de résolution is composed of nineteen members: 1° The Governor of the Banque de France, or the Deputy Governor he appoints to represent him, as Chairman ; 1° bis The Chairman of the Autorité des marchés financiers, or his representative; 1° ter Two members appointed for a period of five years, on the basis of their financial and legal expertise…

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Article L612-6 of the French Monetary and Financial Code

November 7, 2023

The restricted formation of the supervisory board is composed of eight members: 1° The Governor of the Banque de France or the Deputy Governor appointed to represent him, Chairman ; 2° The Vice-Chairman ; 3° Two members appointed by the Supervisory Board from among the members mentioned in 7° of Article L. 612-5; 4° Two members appointed by the Supervisory Board from among the members mentioned in 8° of Article…

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Article L612-7 of the French Monetary and Financial Code

November 7, 2023

The supervisory board shall set up two sectoral sub-boards from among its members: 1° The insurance sector sub-committee has eight members: the Vice-Chairman, the Governor of the Banque de France or the Deputy Governor appointed to represent him, the four members mentioned in 7° of Article L. 612-5 and two members appointed by the College from among the members mentioned in 2° to 6° of the aforementioned article; 2° The…

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Article L612-8-1 of the French Monetary and Financial Code

November 7, 2023

I.-The resolution college of the Autorité de contrôle prudentiel et de résolution is composed of seven members: 1° The Governor of the Banque de France or his representative, Chairman ; 2° The Director General of the Treasury or his representative; and 3° The Chairman of the Autorité des marchés financiers or his representative; 4° The Deputy Governor appointed by the Governor of the Banque de France, or his representative; 5°…

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Article L612-9 of the French Monetary and Financial Code

November 7, 2023

The Enforcement Committee has six members: 1° Two members of the Conseil d’Etat, appointed by the Vice-President of the Conseil d’Etat, and one member of the Cour de cassation, appointed by the First President of the Cour de cassation ; 2° Three members chosen for their expertise in areas relevant to the performance of the Authority’s duties, appointed by order of the Minister for the Economy. Alternate members are appointed…

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Article L612-10 of the French Monetary and Financial Code

November 7, 2023

All members of the supervisory board, the resolution board or the Enforcement Committee of the Autorité de contrôle prudentiel et de résolution must inform the Chairman of the Autorité de contrôle prudentiel et de résolution : 1° any interests that they have held in the two years preceding their appointment, that they hold or that they come to hold ; 2° any functions in a social, economic or financial activity…

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Article L612-11 of the French Monetary and Financial Code

November 7, 2023

Without prejudice to the provisions of Article L. 612-8-1, the Director General of the Treasury, or his representative, shall sit on all panels of the Autorité de contrôle prudentiel et de résolution without voting rights. He shall not attend the deliberations of the Enforcement Committee. The Director of Social Security, or his representative, sits on the Insurance Sector Sub-Committee or on other AMF panels that deal with bodies governed by…

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Article L612-12 of the French Monetary and Financial Code

November 7, 2023

I. – Without prejudice to Article L. 612-8-1, the full Supervisory Board shall determine the organisational and operational principles, the budget and the internal rules of procedure of the AMF. It shall examine any general issue common to the banking and insurance sectors and analyse the risks of these sectors in the light of the economic situation. It decides on supervisory priorities. Each year it draws up a report for…

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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