French Monetary and Financial Code
In forceI. - The Autorité de contrôle prudentiel et de résolution shall have at its disposal the resources provided by the Banque de France.
The Secretary General of the Autorité commits the expenditure of the Autorité within the limits of its budget. The Secretary General is delegated by the Banque de France to conclude contracts and issue invitations to tender under the conditions applicable to contracts awarded by the Banque de France.
II. - The staff of the Autorité de contrôle prudentiel et de résolution is made up of employees whose employer is the Banque de France.
The insurance supervisory body is placed at the disposal of the Banque de France under conditions laid down by decree in the Conseil d'Etat.
The conditions of employment of the staff are determined by the supervisory board on the proposal of the Secretary General, subject to more favourable provisions applicable to staff covered by the statutes of the Banque de France, and for civil servants, in compliance with the regulations, particularly of a statutory nature, applicable to them.
The Secretary General sets the individual remuneration of AMF staff within the general framework established by the Supervisory Board.
The staff of the Authority's departments are subject to the rules of professional conduct laid down by the Board of Supervision on a proposal from the Secretary General, taking into account the rules of professional conduct applicable to the staff of the Banque de France. Where necessary, by virtue of their involvement in the functions of the Banque de France, they may be subject to those of the Statute of the Banque de France.
The Authority's departments constitute a separate establishment within the Banque de France within the meaning ofArticle L. 2327-1 of the Labour Code, under the conditions set out in Article L. 142-9. The employees of the departments of the Autorité de contrôle prudentiel et de résolution, whatever their status, may vote and stand for election to the institutions representing the staff of the establishment under the conditions laid down in the Labour Code. These representative bodies exercise their powers in respect of all such staff, without prejudice to the powers of the joint administrative commission of the insurance supervisory body.
III. - The measures for adapting the provisions of the third to sixth paragraphs of II and the provisions of the company agreements applicable to Banque de France staff to the members of the insurance supervisory body are set by decree in the Conseil d'Etat.
