FR GVT Deposit Guarantee Fund Order


On Jun. 6, FR GVT issued orders on the guarantee fund operations.


  • FR GVT published two Orders on financial resources and accounting provisions, and criteria taken into account by FR ACPR to issue their opinions or decisions related to the Deposit Guarantee and Resolution Fund, affecting the contributions to this fund.
  • Follows FR ACPR Jan. 2024 issued decisions on calculating contributions, see #199856.
  • Financial Resources
  • The Order modifies provisions of Order of Oct. 27, 2015 on Deposit Guarantee and Resolution Fund financial resources to integrate mechanism for guaranteeing services of management companies into operations relating to the collection of contributions.
  • This is designed to provide a textual basis for the levying of contributions for operating costs on the resolution financing arrangements of the Single Resolution Fund (SRF).
  • Opinions or Decisions
  • The Order is designed to set the criteria taken into account by FR ACPR or by FR AMF to issue various opinions or decisions relating to the decisions of the supervisory board of the Deposit Guarantee and Resolution Fund affecting the contributions to this fund.
  • The new Order repeals and replaces part of Order of Oct. 27, 2015 undertaken for the application of section 4, of the article L. 312-16 of the Monetary and Financial Code.

Regulators FR ACPR; FR AMF; FR GVT
Entity Types Auditor; Bank; BHC
Reference OG JORF 130, 6/6/2024; Order 5/30/2024; Order 10/27/2015; SRF
Functions Accounting; Compliance; Financial; Legal; Operations; Resolution; Risk; Treasury
Countries France
Category Central Government; National Regulator
State
Products Banking; Deposits; Equity; Fixed Income; Securities
Regions EMEA
Rule Type Final
Rule Date 6/6/2024
Effective Date 6/6/2024
Rule Id 214887
Linked to Rule :199856
Reg. Last Update 6/6/2024
Report Section EU

Last substantive update on 06/10/2024