Regulatory Alerts2024-04-19
Instruction No. 2024-I-06 of April 19, 2024, on new prudential reporting by credit managers, credit institutions, branches of third-country credit institutions, financing companies, and credit purchasers
The ACPR issued Instruction No. 2024-I-06 to establish new prudential reporting requirements for credit institutions, credit managers, financing companies, and credit purchasers. The directive mandates the submission of specific statistical states, including CESSION, SITUATION, and CANTONNEMENT GC, via Excel files with significantly reduced submission deadlines of 25 calendar days starting in late 2024. These measures aim to enhance the monitoring of non-performing loan transfers and credit management activities, with quarterly reporting possible during crisis periods.
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