Article L312-5 of the French Monetary and Financial Code
I. – The deposit guarantee scheme shall be implemented at the request of the Autorité de contrôle prudentiel et de résolution as soon as the latter ascertains that a credit institution is no longer in a position to return, immediately or in the near future, the funds referred to in I of Article L. 312-4-1. The intervention of the Fonds de Garantie des Dépôts et de Résolution (Deposit Guarantee Fund)…