If your company is registered in the list of finance companies
You must send the Authorisation, Licensing and Regulation Division a duly completed information file signed by a person effectively running the undertaking.
In the event of subsequent changes to the company’s particulars
You must report to the ACPR any changes to the particulars of the financial holding company/combined financial holding company, particularly where these affect:
- composition of the governing bodies;
- share capital;
- group organisation.
In this case, please complete an application to change the particulars of a financial holding company/combined financial holding company and send it to the Authorisation, Licensing and Regulation Division duly signed by a person effectively running the undertaking.
In the event of the appointment or departure of a person effectively running the undertaking
If your institution is a financial holding company or a combined financial holding company, you must report to the ACPR within 15 days any new appointment or departure of a person effectively running the undertaking.
The ACPR has two months from receipt of a complete application to challenge the appointment or renewed appointment of persons effectively running the undertaking if it believes that the persons in question do not meet the relevant propriety, fitness and experience requirements.
The two-month period is suspended pending receipt of the observations of the company and the natural person in question in response to the evidence provided in support of the ACPR’s challenge. It may remain suspended until the expiry of the response period, which is set at one month.
In this situation, please send the Authorisation, Licensing and Regulation Division the duly completed application for the appointment of a person effectively running the undertaking, which should be signed by a person effectively running the undertaking or by the chairman of the supervisory board.
If the financial holding company or the combined financial holding company is recognised as a "significant institution" within the framework of the Single Supervisory Mechanism, the evaluation procedure follows that used for credit institutions under direct ECB supervision.
In the event of the acquisition of a qualifying holding in an approved institution (such as a credit institution, investment firm, finance company or an insurance undertaking):
The financial holding company or combined financial holding company must apply for prior authorisation, under the same conditions as those applicable to any potential buyer taking a stake in the capital of a regulated institution