French Monetary and Financial Code
In forceThe Banque de France may enter into direct contact with companies and professional groups that are willing to participate in its surveys. These companies and professional groups may provide the Banque de France with information on their financial situation.
The Banque de France may communicate all or part of the information it holds on the financial situation of companies to other central banks to other institutions entrusted with a mission similar to those entrusted to it in France to regional councils when they grant public aid to companies, to the tax authorities for their economic mission, to State economic or financial administrations involved in preventing and dealing with company difficulties, to credit and financial institutions, in particular finance companies, insurance companies, supplementary occupational pension funds, mutual insurance companies, supplementary occupational pension funds or unions, supplementary occupational pension institutions and provident institutions investing in loans and similar securities under the conditions laid down, respectively, by the Insurance Code, the Mutual Insurance Code and the Social Security Code, portfolio management companies, intermediaries in participative financing when they act as intermediaries within the meaning of article L. 548-1 for lending transactions, whether against payment or free of charge, and to providers of participative financing services.
It may also communicate this information to the body mentioned in the first paragraph of article L. 432-2 of the Insurance Code and to insurance companies authorised, under the conditions laid down by the Insurance Code, to carry out credit insurance or guarantee operations in France, provided that their operations are aimed at companies.
It establishes in advance the procedures for communicating this information and lays down the reporting obligations and confidentiality rules applicable to the entities mentioned in the second and third paragraphs when they grant loans or public aid, invest in loans and similar securities or carry out credit insurance or guarantee operations.
The risk rating methods and models of the insurance undertakings referred to in the third paragraph are transmitted to the Autorité de contrôle prudentiel et de résolution.
A decree, issued after consultation with the Banque de France, sets out the terms and conditions for the application of the second and fourth paragraphs to the entities mentioned in the second paragraph, other than central banks and similar entities, credit institutions and financial institutions.
