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Article L613-61 of the French Monetary and Financial Code

The resolution college shall provide all the cooperation required to the consolidated resolution authority and to the other member authorities of the colleges of resolution authorities defined in Articles L. 613-59 and L. 613-59-1.

When the resolution authority of another Member State reduces or converts own funds instruments referred to in I of Article L. 613-48 or implements one or more resolution measures, the resolution college shall provide all the cooperation required to ensure the effectiveness thereof.

Original in French 🇫🇷
Article L613-61

Le collège de résolution apporte toute la coopération requise à l’autorité de résolution sur base consolidée et aux autres autorités membres des collèges d’autorités de résolution définis aux articles L. 613-59 et L. 613-59-1.

Lorsque l’autorité de résolution d’un autre Etat membre réduit ou convertit des instruments de fonds propres mentionnés au I de l’article L. 613-48 ou met en œuvre une ou plusieurs mesures de résolution, le collège de résolution apporte toute la coopération requise afin d’en assurer l’effectivité.

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