French Monetary and Financial Code
In forceThe Autorité de contrôle prudentiel et de résolution and the Autorité des marchés financiers, in liaison, where appropriate, with the supervisory authorities of regulated entities in the Member States or other States party to the Agreement on the European Economic Area, shall identify the groups falling within the scope of the supplementary supervision of financial conglomerates and, to this end, shall exchange any information relevant to the performance of their respective tasks.
Where a group has been identified as a financial conglomerate and the Autorité de contrôle prudentiel et de résolution is designated as the coordinator of the supplementary supervision in accordance with the provisions of Article L. 633-2, it shall inform the entity heading the group or, failing that, the regulated entity with the largest balance sheet total in the most important financial sector in the group. It shall also inform the competent authorities which have authorised the regulated entities in the group, the competent authorities of the Member State or other State party to the Agreement on the European Economic Area in which the mixed financial holding company has its head office, and the Joint Committee of European Supervisory Authorities within the meaning of Article 54 of Regulation (EU) No 1093/2010, Regulation (EU) No 1094/2010 and Regulation (EU) No 1095/2010.
If the Autorité de contrôle prudentiel et de résolution or, where applicable, the Autorité des marchés financiers considers that a regulated entity mentioned in Article L. 517-2 and subject to its supervision pursuant to Articles L. 612-2 or L. 621-9 belongs to a group which may be a financial conglomerate and which has not yet been identified as such, it shall inform the other competent authorities concerned and the Joint Committee of European Supervisory Authorities.
