BPCE - 2019 Universal Registration Document

RISK REPORT

LEGAL RISKS

BCE/NATIXIS WEALTH MANAGEMENT LUXEMBOURG

2017 to issue a notice of grievance against NAM Finance and to hand the case over to the Enforcement Committee. On September 25, 2019, the AMF Enforcement Committee issued a fine of €1 million against NAM Finance. The case is now closed. AMF/NIM INTERNATIONAL In addition to the aforementioned case, the AMF elected in early June 2017 to conduct a similar audit on NIM International. In early June 2018, the AMF decided to issue a notice of grievance against NIM International and to hand the case over to the Enforcement Committee. On September 25, 2019, the AMF Enforcement Committee issued a fine of €2 million against NAM International. The case is now closed.

Subsequent to a notice of grievance dated March 18, 2019, the European Central Bank decided on October 21, 2019 to issue an administrative penalty of €1,850,000 against Natixis Wealth Management Luxembourg due to a failure to meet its reporting obligations with respect to material limits and exposures between 2016 and 2017.

AMF/NAM FINANCE

Subsequent to an audit of its professional obligations, and more specifically pertaining to “effective portfolio management” strategies, conducted in 2016, the AMF elected on July 17,

Dependency 6.10.3

BPCE is not dependent upon any specific patents, licenses, industrial procurement contracts, or commercial or financial agreements.

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UNIVERSAL REGISTRATION DOCUMENT 2019 | GROUPE BPCE