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Showing 211220 of 56663 articles for Art. L 613-2

French Monetary and Financial CodeIn force
Sub-paragraph 6: Provisions relating to the implementation of an internal bail-out measure

Article L613-55-3

I. - The collège de résolution shall assess, on the basis of a valuation in accordance with Article L. 613-47, the cumulative amount:1° Where applicable, the amount by which the value of the commitmen…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Sub-paragraph 3: Provisions relating to the transfer of activities

Article L613-52-1

With the agreement of the purchaser, the College of Resolution may return to its original owner any item that has been transferred pursuant to the first paragraph of Article L. 613-52, without the lat…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Subsection 9: Provisions relating to the adoption and implementation of a measure to reduce and convert own funds instruments

Article L613-48-4

Without prejudice to the application of III of Article L. 613-55-3, the reduction referred to in I of Article L. 613-48 in the nominal value of an own funds instrument or an eligible commitment is def…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Sub-paragraph 4: Provisions relating to the setting up of a relay establishment

Article L613-53-4

I. - The provisions of this sub-paragraph cease to apply when one of the following conditions is met: 1° The establishment-relais merges with another person ; 2° The bridge institution no longer meets…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Subsection 1: General provisions

Article L613-34-9

Articles L. 632-1 to L. 632-4 of the French Commercial Code do not apply to measures decided or authorised by the supervisory board pursuant to Article L. 511-41-5 or by the resolution board pursuant…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Paragraph 1: Common provisions

Article L613-41-1

I. - Notwithstanding any provision or stipulation to the contrary, the general meeting of any of the persons referred to in I of Article L. 613-34 may delegate to the competent body its authority to d…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Sub-paragraph 6: Provisions relating to the implementation of an internal bail-out measure

Article L613-55-6

The resolution college shall exercise impairment and conversion powers in respect of a liability arising from a financial contract or derivative within the meaning of Article 2(5) of Regulation (EU) N…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Subsection 1: General provisions

Article L613-34-5

The supervisory board or the resolution board may require the persons mentioned in I or II of Article L. 613-34 to keep detailed records of the financial contracts to which they are party.The collège…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Sub-paragraph 3: Provisions relating to the transfer of activities

Article L613-52-4

Where only the provisions of this sub-paragraph are applied to transfer part of the assets, rights or obligations of a person subject to a resolution procedure, the residual entity shall be wound up i…

AI translation · Updated 7 Nov 2023Open Article
French Monetary and Financial CodeIn force
Sub-paragraph 1: General provisions

Article L613-50

I. - When implementing a resolution measure, the College of Resolution shall take into account the objectives of the resolution. These objectives are as follows: 1° To ensure the continuity of critica…

AI translation · Updated 7 Nov 2023Open Article
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