French Monetary and Financial Code
In forceI.-The provisions of the articles mentioned in the left-hand column of the following table shall apply in French Polynesia, subject to the provisions of II, in the wording indicated in the right-hand column of the same table:
Applicable articles | In the wording resulting from |
|---|---|
L. 511-9 and L. 511-10 | Order no. 2021-796 of 23 June 2021 |
L. 511-11 | Ordinance no. 2014-158 of 20 February 2014 |
L. 511-12-1 | Order no. 2015-1024 of 20 August 2015 |
L. 511-12-2 | Law no. 2013-672 of 26 July 2013 |
L. 511-13 | Order no. 2015-558 of 21 May 2015 |
L. 511-14 | Order no. 2014-158 of 20 February 2014 |
L. 511-15 | Order no. 2021-796 of 23 June 2021 |
L. 511-15 L. 511-15-1 | Ordinance no. 2020-1635 of 21 December 2020 |
L. 511-16 and L. 511-17 with the exception of its first paragraph | Ordinance no. 2015-558 of 21 May 2015 |
L. 511-18 | Order no. 2013-544 of 27 June 2013 |
L. 511-19 | Law no. 2013-672 of 26 July 2013 |
L. 511-20 | Order no. 2021-796 of 23 June 2021 |
II.For the application of I:
1° The second paragraph of Article L. 511-10 is replaced by the following provisions:
"Authorisation to operate as a credit institution shall be granted by the Autorité de contrôle prudentiel et de résolution.";
2° In Article L. 511-12-1:
a) The second paragraph is replaced by the following provisions: "The acquisition or extension of direct or indirect shareholdings in a credit institution or finance company must be authorised by the Autorité de contrôle prudentiel et de résolution.";
b) In the last paragraph of I, the words: ", in the case of finance companies or," are deleted;
3° In Article L. 511-15:
a) The first paragraph is replaced by the following: "Withdrawal of authorisation shall be ordered by the Autorité de contrôle prudentiel et de résolution at the request of the institution. ";
b) In the second paragraph, the words: "Pursuant to Articles 4 and 14 of Council Regulation (EU) No 1024/2013 of 15 October 2013, this withdrawal may also be decided by the European Central Bank" are replaced by the words: "It may also be decided ex officio by the Authority";
4° In the second paragraph of Article L. 511-16, the words: "Notwithstanding the provisions of 4° and 5° of Article 1844-7 of the Civil Code," are deleted;
5° In the second paragraph of Article L. 511-17, the words "or a credit institution" are added after the word "approved".
