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Article L385-7-1 of the French Insurance Code

I.-The provisions of I of article L. 533-22 of the Monetary and Financial Code are applicable to supplementary occupational pension funds, insofar as they invest in shares admitted to trading on a regulated market, either directly or through the intermediary of a portfolio management company mentioned in article L. 532-9 of the same code, with the exception of those which exclusively manage FIAs covered by I of article L. 214-167…

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Article L385-8 of the French Insurance Code

Without prejudice to its powers under Sections 6 and 7 of Chapter II of Title I of Book VI of the Monetary and Financial Code, the Autorité de contrôle prudentiel et de résolution may require supplementary occupational pension funds to submit a recovery plan, a convergence plan or a short-term financing plan. In the light of the results of the stress tests referred to in Article L. 385-3, the measures…

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Article L385-9 of the French Insurance Code

Supplementary occupational pension funds belonging to a group within the meaning of Article L. 356-1 are subject to group supervision under the conditions laid down in Chapter VI of Title V of Book III, without prejudice to the sector-specific rules applicable to them. Supplementary occupational pension funds belonging to a financial conglomerate within the meaning of Article L. 517-3 of the Monetary and Financial Code are subject to supplementary supervision…

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Article L385-10 of the French Insurance Code

Except for the purposes of constituting the solvency margin referred to in Article L. 385-2, supplementary occupational pension funds shall not take out loans or act as guarantors for third parties. The Autorité de contrôle prudentiel may, however, authorise a supplementary occupational pension fund to take out a loan for liquidity purposes on a temporary basis.

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Article L390-1 of the French Insurance Code

This Book is applicable in the Wallis and Futuna Islands, with the exception of Article L. 322-3-2 and Titles V, VI and VII. The provisions of the first paragraph apply to insurance undertakings established in the Wallis and Futuna Islands, including those which, by way of derogation from the provisions of Article L. 310-3-1, are likely to fall under the so-called “Solvency II” regime. Articles L. 310-1-1-1 and L. 322-26-7…

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Article L400-1 of the French Insurance Code

For the purposes of this Book, the words “in France”, “France” and “territory of the French Republic” mean mainland France and the territorial collectivities governed by Article 73 of the Constitution as well as Saint-Barthélemy and Saint-Martin. Except for the provisions concerning the freedom to provide services and the freedom of establishment, these words also refer to Saint-Pierre-et-Miquelon.

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Article L411-1 of the French Insurance Code

The powers of the Comité Consultatif du Secteur Financier are set out in Article L. 614-1 of the Monetary and Financial Code, which reads as follows: “Art. L. 614-1 -The Comité Consultatif du Secteur Financier is responsible for studying issues relating to relations between credit institutions, finance companies, electronic money institutions, payment institutions, investment firms and insurance companies, on the one hand, and their respective customers, on the other, and…

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Article L411-2 of the French Insurance Code

The powers of the Comité Consultatif de la Législation et de la Réglementation Financières are set out in Article L. 614-2 of the Monetary and Financial Code, which reads as follows: “Art. L. 614-2 -The Consultative Committee on Financial Legislation and Regulation shall be consulted by the Minister for the Economy on any draft law or ordinance and on any proposed regulation or directive of the European Community before it…

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Article L411-3 of the French Insurance Code

The rules governing employee members of advisory committees are set out in Article L. 614-3 of the Monetary and Financial Code, which is reproduced below: “Art. L. 614-3 -Employee members of the Comité consultatif du secteur financier or the Comité consultatif de la législation et de la réglementation financières are entitled to the time required to prepare, attend and participate in meetings. This time is treated as actual work for…

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