Regulatory Alerts2022-12-14
Instruction No. 2022-I-24 of 14 December 2022 on Annual Documents to be Submitted by Insurance Undertakings and Additional Professional Pension Schemes
The Prudential Control and Resolution Authority (ACPR) issues Instruction No. 2022-I-24 to mandate annual sustainability disclosure reporting for French insurance undertakings, reinsurers, provident institutions, and additional professional pension schemes. The directive requires entities with a total balance sheet exceeding €500 million to submit detailed quantitative indicators, technical screening criteria alignment tables, and principal adverse impact declarations using standardized templates, while smaller entities follow simplified reporting frameworks. All submissions must be filed within six months of the financial year-end in machine-readable formats with electronic signatures, aligning national reporting obligations with EU Sustainable Finance Disclosure Regulation requirements.