French Insurance Code

The Autorité de contrôle prudentiel et de résolution may require the modification or decide the withdrawal of any document which is contrary to legislative and regulatory provisions, with the exception of documents of a contractual or advertising nature for the undertakings mentioned in 1° of III of Article L. 310-1-1 . In such cases, it shall rule in accordance with the conditions laid down inArticle L. 612-35 of the Monetary…

Judicial reorganisation or liquidation proceedings instituted by the aforementioned law no. 85-98 of 25 January 1985 may only be opened in respect of a company mentioned in article L. 310-1 at the request of the Autorité de contrôle prudentiel et de résolution; the court may also initiate proceedings of its own motion or be requested to do so by the public prosecutor after receiving the assent of the Autorité de…

Safeguard, receivership and compulsory liquidation proceedings instituted by Titles II, III and IV of Book VI of the Commercial Code may only be opened in respect of a reinsurance undertaking mentioned in 1° of III of Article L. 310-1-1 after receiving the opinion of the Autorité de Contrôle. The president of the court may only be seised of a request to open the conciliation procedure instituted by Title I of…

In the case of insurance undertakings whose head office is located within the territory of another Member State of the European Union, the Autorité de contrôle prudentiel et de résolution may request information on the conduct of the winding-up proceedings from the supervisory authorities of the home Member State.