The decree n°2013-388 of 10 May 2013 adapts the powers and duties of the supervisory authorities in banking and financial sectors following the creation of the European supervisory authorities by the Directive 2010/78/EU. It adapts the Monetary and Financial Code, the Insurance Code, the Mutuality Code and the Social Security Code. It includes communication and information obligations to the European authorities and other national supervisory authorities as well as the conditions under which disciplinary proceedings can be introduced by the ACP against a group established in France but having its head office in another Member State of the EEA. The decree also complements the modalities of control of financial conglomerates. It came into effect on 12 May 2013.
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France - competence of the European supervisory authorities
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