Instruction No. 2018-I-07 of July 9, 2018, on the withdrawal of approval, authorization, or registration of credit institutions, financing companies, third-party financing companies, investment firms, payment institutions, account information service providers, and electronic money institutions

PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY

Instruction No. 2018-I-07 of July 9, 2018 on the withdrawal of approval, authorization, or registration of credit institutions, financing companies, third-party financing companies, investment firms, Payment Institutions, Account Information Service Providers, or Electronic Money Institutions as amended by Instruction No. 2019-I-20 of April 23, 2019

The Prudential Control and Resolution Authority, Having regard to Articles 4-1 and 14-5 of Council Regulation (EU) No 1024/2013 of October 15, 2013, conferring specific tasks upon the European Central Bank concerning policies relating to the prudential supervision of credit institutions; Having regard to Articles 80 et seq. of European Central Bank Regulation (EU) No 468/2014 of April 16, 2014, establishing the framework for cooperation within the Single Supervisory Mechanism between the European Central Bank, national competent authorities and designated national authorities (the "SSM Framework Regulation"); Having regard to the Monetary and Financial Code, in particular Articles L. 511-15, L. 511-15-1, L. 522-11, L. 522-11-3, L. 526-14 et seq., L. 532-6; Having regard to Article R. 518-71-II of the Monetary and Financial Code; Having regard to the Order of October 29, 2009, on the prudential regulation of payment institutions; Having regard to the Order of May 2, 2013, on the prudential regulation of electronic money institutions; Having regard to the Order of December 4, 2017, on the approval, modification of status, and withdrawal of approval of credit institutions; Having regard to the Order of December 4, 2017, on the approval, modification of status, withdrawal of approval, and deregistration of investment firms and similar institutions; Having regard to the Order of December 4, 2017, on the approval, modification of status, withdrawal of approval, and deregistration of financing companies, as well as on the reporting obligations of certain financial institutions; Having regard to the opinion of the Prudential Affairs Consultative Committee of June 20, 2018,

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DECIDES

Article 1: The following are hereinafter referred to as "subject establishments and bodies":

• credit institutions referred to in I of Article L. 511-1 of the Monetary and Financial Code;
• financing companies referred to in II of Article L. 511-1 of the same Code;
• third-party financing companies referred to in Article L. 511-6 of the same Code;
• investment firms referred to in Article L. 531-4 of the same Code;
• payment institutions referred to in Article L. 522-1-I of the same Code;
• account information service providers referred to in Article L. 522-1-II of the same Code;
• electronic money institutions referred to in Article L. 526-1 of the same Code.

Article 2: Subject establishments and bodies referred to in Article 1 that request the withdrawal of their approval from the competent authority must submit a complete application file to the Prudential Control and Resolution Authority using the form set out in the annex to this instruction.

Article 3: The completed and signed form and supplementary documents must be sent in electronic format to the Prudential Control and Resolution Authority by depositing them on the Autorisations portal at the following address: https://acpr.banque-france.fr/autoriser/portail-autorisations

Article 4: This instruction enters into force upon its publication.

Paris, July 9, 2018

The President of the Prudential Control and Resolution Authority, [Denis BEAU]