An impressive number of decrees and orders (arrêtés) were adopted in November 2014 to complete the implementation of CRD IV and CRR:

  • Decrees no. 2014-1315 and no. 2014-1316 of November 3, 2014 relating to adjustments of French law to EU law in the areas of finance and financing companies;
  • Decree no. 2014-1357 relating to supervision of competence and good repute requirements applicable to managers and members of the management body of insurance undertakings, credit institutions, financing companies, investment firms other than asset managers, holding financial companies, mixed financial holding companies, and parent companies of financing companies;
  • Order of November 3, 2014 relating to the supplementary supervision of financial conglomerates;
  • Order of November 3, 2014 relating to the internal control of banking sector companies, payment services, and investment services subject to ACPR supervision;
  • Order of November 3, 2014 relating to the process of identification, measurement, management, and supervision of liquidity risk;
  • Order of November 3, 2014 relating to authorization of credit institutions, financing companies, payment institutions, and electronic money institutions;
  • Order of November 3, 2014 relating to capital buffers applicable to banking service providers and investment firms other than asset managers;
  • Order of November 3, 2014 relating to prudential supervision on a consolidated basis, repealing Regulation 2000-03 of September 6, 2000, relating to prudential supervision on a consolidated basis; and
  • Order of November 3, 2014 relating to the process of prudential supervision and risk assessment for banking service providers.

All such secondary legislation takes immediate effect for the most part, with the exception of Decree no. 2014-1357 that takes effect on January 1, 2015.