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French Monetary and Financial Code

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Article R511-16-3 of the French Monetary and Financial Code

November 6, 2023

Each of the persons who effectively directs the business of the credit institution or finance company within the meaning of Article L. 511-13 and each member of the Board of Directors, the Supervisory Board, the Management Board or any other body exercising equivalent functions shall demonstrate the honesty, integrity and independence of mind necessary to assess and, if necessary, effectively challenge the management decisions taken and to ensure the effective…

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Article R511-16-4 of the French Monetary and Financial Code

November 6, 2023

I. – With effect from financial years beginning on or after 1 January 2014, the persons referred to in II of Article L. 511-45 shall draw up a table grouping together the information relating to their establishments by State or territory, referred to in 1° of III of the same article, as well as a table grouping together by State or territory the other information referred to in III of…

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Article R511-17 of the French Monetary and Financial Code

November 6, 2023

I. – The rules limiting the number of directorships provided for in II to IV of article L. 511-52 apply within a credit institution or finance company that meets one of the following conditions: 1° The balance sheet total, corporate or consolidated, exceeds fifteen billion euros for two consecutive financial years; 2° The Autorité de contrôle prudentiel et de résolution has decided that the credit institution or finance company is…

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Article R511-18 of the French Monetary and Financial Code

November 6, 2023

I.- In order to compare remuneration trends and practices, the Autorité de contrôle prudentiel et de résolution shall collect, under the conditions defined by order of the Minister responsible for the economy, the information referred to in g), h), i) and k) of paragraph 1 of Article 450 of Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 published by credit institutions, financial…

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Article R511-19 of the French Monetary and Financial Code

November 6, 2023

The information referred to in Article R. 511-18 as well as that concerning the results of the votes of the general meetings referred to in Article L. 511-78 shall be transmitted by the Autorité de contrôle prudentiel et de résolution to the European Banking Authority, with the exception of information concerning finance companies and parent undertakings of finance companies.

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Article R511-20 of the French Monetary and Financial Code

November 6, 2023

In the cases provided for in Article L. 511-78 where it is envisaged to increase the amount of the variable part of the total remuneration of the persons mentioned in Article L. 511-71 to an amount higher than that of the fixed remuneration, the draft resolutions to this effect submitted to the competent general meetings of credit institutions or finance companies shall mention the reasons justifying the draft resolution, the…

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Article R511-21 of the French Monetary and Financial Code

November 6, 2023

The presentation to the general meeting of the credit institution or finance company concerned of the draft resolutions mentioned in article R. 511-20 is governed by the rules of the French Commercial Code. In cases where the provisions of this code do not apply, the period between the presentation of the draft decision, including the information mentioned in article R. 511-20, and the decision of the competent body may not…

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Article R511-22 of the French Monetary and Financial Code

November 6, 2023

The other convertible instruments referred to in Article L. 511-81 that may be used for the allocation of variable remuneration are the only instruments that may be fully converted into Tier 1 core capital instruments as defined by Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013.

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Article R511-23 of the French Monetary and Financial Code

November 6, 2023

Credit institutions and finance companies shall require the instruments referred to in Article L. 511-81 to be held for a minimum period defined under the conditions set out in Article L. 511-72 in order to protect the long-term interests of the credit institution or finance company referred to in Article L. 511-71.

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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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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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