Oversight

​Because of its status as a société de crédit foncier, Caisse Française de Financement Local is subject to the oversight of several supervisory bodies.

• Autorité de contrôle prudentiel et de résolution
• Autorité des marchés financiers
• Statutory auditors
• Specific controller

Autorité de Contrôle Prudentiel et de Résolution

• ACPR conducts its control through the various documents submitted quarterly by Caisse Française de Financement Local,
• ACPR ensures compliance with banking regulations and specifically to Sociétés de Crédit Foncier,
• It is also authorized to inspect the company on site,
• SFIL group is supervised by the European Central Bank.

Autorité des marchés financiers

• The issuance program of Caisse Française de Financement Local is registered in Paris under the supervision of the Autorité des marchés financiers and is benefiting of a passporting in Luxembourg under the supervision of the Commission de surveillance du secteur financier.

• Terms of control: See article L.621-8-1 of the Monetary and Financial Code.
• Caisse Française de Financement Local has chosen the Autorité des marchés financiers as the competent authority for the control of the compliance with its obligations regarding regulated information.

Statutory auditors

• ​As a credit institution, Caisse Française de Financement Local is subject to audit by two statutory auditors, each of whom comes from an independent firm.
• Audits on financial statements are conducted biannually.

Specific controller

• A specific controller, who is appointed with the approval of the Autorité de contrôle prudentiel et de résolution, ensures compliance with current legislation, especially:

• the eligibility of assets, as defined in current legislation,
• a sufficient level of congruence in maturities and interest rates,
• respect of the over-collateralization ratio (more than 105%),
• its mission is permanent.

• The specific controller certifies that assets cover liabilities wheneverobligations foncières are issued. This certification makes it possible to mention the legal privilege in every issue contract.

• Terms of control: See articles L. 513-23 et L. 513-24 in the Monetary and Financial Code.