French Insurance Code

Notwithstanding the provisions of Act No. 68-678 of 26 July 1968 relating to the disclosure of economic, commercial, industrial, financial or technical documents and information to foreign natural or legal persons, the collège de résolution and the collège de supervision may, in the performance of their prevention and resolution duties, exchange information covered by professional secrecy with : 1° The Minister for the Economy, the Minister for Mutual Societies or…

Notwithstanding the provisions of Law no. 68-678 of 26 July 1968 relating to the communication of economic, commercial, industrial, financial or technical documents and information to foreign natural or legal persons, the collège de résolution and the collège de supervision may, for the performance of their prevention and resolution duties, exchange information covered by professional secrecy with : 1° Authorities exercising equivalent functions in other Member States of the European…

The collège de résolution shall draw up and update the preventive resolution plans referred to in Article L. 311-8 and shall, if necessary, carry out the assessment provided for in Section 4, after consulting the resolution authorities of the other States concerned.

I.-For persons referred to in Article L. 311-1 who have subsidiaries established abroad and for persons referred to in Article L. 311-1 belonging to a cross-border group in which at least one of the entities belongs to the insurance sector and at least one of the entities belongs to the banking or investment services sector or to a cross-border group subject to the supplementary supervision of financial conglomerates pursuant toArticle…

For the persons mentioned in Article L. 311-1 that are entities of a group whose ultimate parent undertaking is established abroad, the Autorité de contrôle prudentiel et de résolution shall cooperate with the competent counterpart authorities under the conditions set out in I of Article L. 311-57. In order to facilitate this cooperation, the Autorité may participate in colleges of counterpart competent authorities for group entities established abroad. It may…

A decree in the Conseil d’Etat shall specify the conditions of application of this section.