Any natural person or legal entity intending to file a draft public offer with the Autorité des marchés financiers pursuant to Chapter III of Title III of Book IV of the Legislative Part of this Code, with a view to acquiring a given quantity of securities of a credit institution authorised in France or of a finance company, may inform the Governor of the Banque de France, Chairman of the…
When a financial institution has provided evidence to the Autorité de contrôle prudentiel et de résolution that it meets the conditions set out in the second paragraph of Article L. 511-28, the Autorité shall issue it with a certificate. The Authority shall also send a certificate to the competent authorities of the host Member State, at the same time as the notification referred to in the first paragraph of Article…
Credit institutions and finance companies are required to close their financial year on 31 December. However, the Autorité de contrôle prudentiel et de résolution may authorise them to derogate from this rule for the financial year during which they received their authorisation. Unless an exemption is granted by the Autorité de contrôle prudentiel et de résolution, credit institutions and finance companies must submit their annual accounts to the body competent…
Article R. 511-6 does not apply to establishments mentioned in articles L. 511-22 and L. 511-23.
The statutory auditors referred to in Article L. 511-38 are appointed by the body of these undertakings responsible for approving the accounts. They are appointed for six financial years. Their term of office expires after the body competent to approve the accounts has ruled on the accounts for the sixth financial year. They may be reappointed.
In the case of branches in France of credit institutions that do not have their registered office in a State party to the Agreement on the European Economic Area, the statutory auditors are appointed by the persons who effectively manage the business of these branches.
The Autorité de contrôle prudentiel et de résolution shall take into account any guidelines issued by the European Banking Committee for the application of Article L. 511-41-1.
I. – The threshold mentioned in the first paragraph of I of Article L. 511-47 is set on the basis of the book value of assets corresponding to trading activities in financial instruments at 7.5% of the balance sheet of the entity concerned. For the purposes of this article, the book value of trading activities in financial instruments is either that of assets at fair value through profit or loss…
Credit institutions and finance companies disclose in their annual reports the return on their assets, calculated by dividing their net profit by their balance sheet total.
Within credit institutions and finance companies, the members of the Board of Directors or the Supervisory Board, on the one hand, and the members of the Management Board or any other body exercising equivalent functions or any persons who effectively manage the business of the institution within the meaning of Article L. 511-13, on the other hand, collectively have the necessary knowledge, skills and experience referred to in Article L….
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75001, Paris France
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is a Registered Trademark of
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182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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