Article L612-30 of the French Monetary and Financial Code
November 7, 2023
Where the Autorité de contrôle prudentiel et de résolution finds that a person subject to its supervision is engaging in practices that are likely to jeopardise the interests of its customers, policyholders, members or beneficiaries, it may, after giving its managers the opportunity to present their explanations, warn the person against continuing such practices insofar as they infringe the rules of good practice of the profession concerned.
