Regulatory Alerts2018-07-11
Instruction No. 2018-I-17 of July 11, 2018 repealing Instruction No. 2017-I-04 regarding prudential document transmission by non-Solvency II insurance and reinsurance undertakings to the ACPR
The Autorité de Contrôle Prudentiel et de Résolution (ACPR) issued Instruction No. 2018-I-17 to repeal Instruction No. 2017-I-04 and establish updated prudential reporting requirements for insurance and reinsurance entities not subject to the Solvency II regime. The instruction mandates that these entities transmit specific quarterly and annual documents to the ACPR, either by post or electronic transmission, with quantitative data submitted using ACPR-provided templates in euros. Additionally, mutuals that have entered into substitution agreements for all their operations are exempt from direct transmission obligations, as their substituting entity must provide the documents electronically.
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