Regulatory Alerts2022-04-11
Instruction No. 2022-I-10 of April 11, 2022, regarding the withdrawal of authorization of credit institutions
The Autorité de contrôle prudentiel et de résolution (ACPR) issued Instruction No. 2022-I-10 on April 11, 2022, to establish the procedural framework for the withdrawal of authorization from credit institutions. This regulatory instruction defines the specific conditions, notification requirements, and administrative steps necessary for the regulator to revoke the operating license of a credit establishment. It serves as the primary legal reference for enforcing supervisory measures that result in the cessation of authorized banking activities.
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