Instruction No. 2004-04 of October 11, 2004 amending Instruction No. 2000-07 of September 4, 2000 on the control of large exposures and gross risks

BANKING COMMISSION

Instruction No. 2004-04 amending Instruction No. 2000-07 of September 4, 2000 on the control of large exposures and gross risks ------ The Banking Commission, Having regard to the Monetary and Financial Code, particularly Article L.613-8 thereof, Having regard to Regulation No. 93-05 of December 21, 1993, as amended, of the Committee for Banking and Financial Regulation concerning the control of large exposures, Having regard to Regulation No. 2002-13 of the Committee for Banking and Financial Regulation of November 21, 2002 concerning electronic money and electronic money institutions, Having regard to Instruction No. 2000-07 of September 4, 2000 on the control of large exposures and gross risks, Decides:

Article 1 – The following paragraph is inserted into Article 1 of Instruction No. 2000-07:

"Electronic money institutions defined in Article 2 of Regulation No. 2002-13 shall not report eight times their own funds on line 103 of the 'control of large exposures and gross risks' statement – mod. 4003 NC or – mod. 4003-C, the model of which is set out in Annex I to this instruction."

Article 2 – This instruction shall enter into force immediately.

Paris, October 11, 2004
The President of the Banking Commission,
Hervé HANNOUN