For the purposes of Titles I to V, the undertakings referred to in Article L. 310-10-1 are treated in the same way as undertakings having their registered office in a non-Community State which is a party to the Agreement on the European Economic Area.
Securities of any kind, prospectuses, posters, circulars, plates, printed matter and all other documents intended for distribution to the public or published by a company mentioned in 1° of III of article L. 310-1-1 must not contain any reference to State control, or any statement likely to mislead as to the true nature of the company or the real extent of its commitments.
The provisions relating to the Autorité de contrôle prudentiel et de résolution are applicable under the conditions set out in Chapter II of Title I of Book VI of the Monetary and Financial Code.
When the Autorité de contrôle decides, pursuant toArticle L. 612-33 of the Monetary and Financial Code, to initiate the procedure for the compulsory transfer of an undertaking’s portfolio of contracts, forms or memberships, this decision is brought to the attention of all insurance undertakings by a notice published in the Journal officiel. This notice sets a period of fifteen days during which the undertakings that agree to take over the…
Any manager of an undertaking subject to State supervision by virtue of Article L. 310-1 and of a supplementary occupational pension fund who fails to comply with the obligations or prohibitions resulting from Articles R. 310-5, R. 310-6 and R. 612-26 of the Monetary and Financial Code is liable to a fifth-class fine. Any manager of a company subject to State supervision by virtue of 1° of III of Article…
When winding-up proceedings are opened in application of article L. 310-25, the liquidator shall immediately and individually inform in writing each known creditor whose habitual residence, domicile or registered office is in a Member State other than France. The content and format of the note are set by order of the Minister for the Economy.
The supervisory board of the Autorité de contrôle prudentiel et de résolution shall notify the persons required to draw up a preventive recovery plan pursuant to the provisions of Article L. 311-5 of the results of its examination provided for in Article L. 311-6, within six months of receiving the plan. This notification is made after receiving the opinion of the collège de résolution. If the Supervisory Board remains silent…
As part of the examination provided for in Article L. 311-6, the supervisory board shall ensure that the preventive recovery plan meets the requirements of IV of Article L. 311-5 and the regulatory provisions adopted for its application. In particular, it assesses the ability of this plan to maintain or restore the viability and financial situation of the persons concerned or the group to which they belong. The supervisory board…
Persons required to draw up a preventive recovery plan shall inform the supervisory board as soon as possible if, in implementing the plan, they adopt a recovery measure provided for therein. They shall also inform the college, where applicable, of their decision to refrain from taking such a decision when they could be led to do so in the light of the indicators mentioned in IV of article L. 311-5.
I.- Pursuant to the last paragraph of I of Article L. 311-5, the persons referred to in that same I who are subject to the obligation to draw up and keep up to date a preventive recovery plan may ask the supervisory board to be exempted from this obligation when they constitute entities of a group whose parent company is located abroad and which is itself subject to such an…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
