Article L621-5 of the French Monetary and Financial Code
A decree in the Conseil d’Etat shall set the conditions and limits under which : 1° The Board may delegate authority to the Chairman or, if the Chairman is absent or unable to act, to another of its members, to take individual decisions falling within its remit; 2° The Board may delegate powers to a specialised commission in accordance with III of Article L. 621-2; 3° The Chairman of the…