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Home | French Legislation Articles | French Monetary and Financial Code | Legislative part | Book VI: Banking and financial institutions | Title I: Institutions responsible for regulation and control | Chapter III: Provisions specific to credit institutions, finance companies, investment firms, electronic money institutions, payment institutions and central counterparties | Section 2: Provisions relating to the treatment of credit institutions, finance companies, electronic money institutions, payment institutions and investment firms in difficulty | Subsection 2: Reorganisation and winding-up measures for credit institutions and investment firms | Article L613-31-4 of the French Monetary and Financial Code

French Monetary and Financial Code
- Legislative part
  - Book VI: Banking and financial institutions
    - Title I: Institutions responsible for regulation and control
      - Chapter III: Provisions specific to credit institutions, finance companies, investment firms, electronic money institutions, payment institutions and central counterparties
        Section 2: Provisions relating to the treatment of credit institutions, finance companies, electronic money institutions, payment institutions and investment firms in difficulty
        Subsection 2: Reorganisation and winding-up measures for credit institutions and investment firms

Article L613-31-4 of the French Monetary and Financial Code

Article L613-31-4 of the French Monetary and Financial Code

November 7, 2023
7:19 am

The opening of compulsory liquidation proceedings against a credit institution, investment firm or finance company entails, depending on the case, the filing of an application for withdrawal of authorisation with the European Central Bank or its removal from the list of investment firms or finance companies.

Original in French 🇫🇷

Article L613-31-4

L’ouverture d’une procédure de liquidation judiciaire à l’encontre d’un établissement de crédit, d’une entreprise d’investissement ou d’une société de financement entraîne, selon les cas, le dépôt d’une demande de retrait d’agrément auprès de la Banque centrale européenne ou sa radiation de la liste des entreprises d’investissement ou des sociétés de financement.

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