Article L632-5 of the French Monetary and Financial Code
Where the Autorité de contrôle prudentiel et de résolution or the Autorité des marchés financiers is asked to cooperate in an investigation, on-site inspection or supervisory activity in accordance with Article L. 632-2, or in an exchange of information in accordance with Article L. 632-1, it may refuse to comply with such a request only where the request is likely to undermine French sovereignty, security or public policy or where…