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Article R621-6 of the French Monetary and Financial Code

Where the Enforcement Committee sets up a section : 1° It determines its composition. Each section comprises one member chosen from among the persons mentioned in 1° of IV of Article L. 621-2, one member chosen from among the persons mentioned in 2° of IV of Article L. 621-2, three members chosen from among the persons mentioned in 3° of IV of Article L. 621-2 and one member chosen from…

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Article R621-7 of the French Monetary and Financial Code

I. – The Enforcement Committee shall be convened by its Chairman when it is acting in plenary session, and by the Chairman of the relevant Section in other cases. It may only deliberate in the presence of at least seven members when deciding in plenary session and at least three members when deciding in section. When, pursuant to Article 12 of the aforementioned Act of 20 January 2017, a member…

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Article R621-9 of the French Monetary and Financial Code

I. – The AMF Board may delegate authority to its Chairman and, if he is absent or unable to act, to another of its members, to take individual decisions falling within its remit, with the exception of those referred to in I of Article L. 621-15. The delegate shall report to the next meeting of the Board on the decisions taken by virtue of this delegation. II. – The Chairman…

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Article R621-10 of the French Monetary and Financial Code

The AMF Board shall deliberate on : 1° The annual budget and any amendments to it during the year; 2° The financial statements and the appropriation of profits; 3° The accounting and financial regulations, which are forwarded to the Minister for the Economy; 4° The general conditions of recruitment, employment and remuneration of staff; 5° Internal regulations and rules of professional conduct applicable to the staff of the departments; 6°…

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Article R621-11 of the French Monetary and Financial Code

In addition to the powers conferred on him by the application of the first paragraphs of Articles 16 and 18 of the above-mentioned Act of 20 January 2017 , the Chairman shall exercise the powers of the head of the company for the application of the Labour Code. The Chairman represents the AMF in all civil and legal matters. Within the framework of the general rules laid down by the…

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Article R621-13 of the French Monetary and Financial Code

The financial year begins on 1 January and ends on 31 December. The Board shall adopt the budget of the Autorité des marchés financiers each year before the beginning of the financial year. The budget shall include estimates of the revenue expected and the expenditure required to perform the tasks entrusted to the Autorité des marchés financiers. It may be amended during the year. The appropriations entered in the budget…

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Article R621-14 of the French Monetary and Financial Code

The Autorité des marchés financiers shall have an accounting officer appointed by order of the Minister responsible for the budget. The accounting officer shall be responsible for keeping the accounts of the Autorité des marchés financiers, collecting the fees and contributions referred to in Article L. 621-5-3 and all other revenues of the Autorité des marchés financiers, paying expenses and handling funds and cash account movements. With the agreement of…

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Article R621-15 of the French Monetary and Financial Code

The accounts of the Autorité des marchés financiers are prepared in accordance with the rules of the general chart of accounts. These may be adapted as proposed by the Chairman after consultation with the Board and approved by the Budget Minister. The rates of depreciation and amortisation and the procedures for keeping inventories are laid down in the accounting and financial regulations. The Accounting Officer draws up a financial account…

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