Regulatory Alerts2021-12-06
Instruction No. 2021-I-19 of 6 December 2021 on applications for acquisition of control or qualified participations in investment firms
The Prudential Control and Resolution Authority (ACPR) issued this instruction to establish the mandatory procedures for investment firms submitting applications for the acquisition of control or qualified participations. It requires applicants to complete and submit a specific electronic form along with supplementary documents via the ACPR portal. The instruction entered into force on the fifteenth day following its publication in the Official Register of the ACPR.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2021-I-19 on applications for acquisition of control or qualified participations in investment firms modified by Instruction No. 2024-I-13 of 24 October 2024
The Prudential Control and Resolution Authority (ACPR), Having regard to Delegated Regulation No. 2017/1946 of the Commission of 11 July 2017 supplementing Directives 2004/39/EC and 2014/65/EU of the European Parliament and of the Council with regulatory technical standards concerning the exhaustive list of information that candidate acquirers must attach to the notification of the envisaged acquisition of a qualified participation in an investment firm; Having regard to the Monetary and Financial Code, particularly Articles L. 531-6 and L. 611-4 thereof; Having regard to the Order of 4 December 2017 on the approval, modification of status, withdrawal of approval, and deregistration of investment firms and similar establishments; Having regard to the opinion of the Prudential Affairs Consultative Committee of 16 November 2021,
DECIDES
Article 1: The following are hereinafter referred to as "investment firms":
- investment firms referred to in Article L. 531-4 of the Monetary and Financial Code;
Article 2: Investment firms that submit an application to the competent authority for the acquisition of control or a qualified participation must submit a complete application file to that authority using the form set out in the annex to this instruction.
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Article 3: This form, together with any requested supplementary documents, must be completed electronically and submitted via the portal accessible at the following address: https://acpr-portail.banque-france.fr
Article 4: This instruction shall enter into force on the fifteenth day following its publication in the Official Register of the Prudential Control and Resolution Authority.
Paris, 6 December 2021 The Designated President, Denis BEAU