Regulatory Alerts2017-11-23
Instruction No. 2017-I-20 of November 23, 2017 replacing Instruction No. 2015-I-16 regarding documents to be produced for exercising insurance activities via freedom of establishment or freedom to provide services in another EEA State
The French Prudential Control and Resolution Authority (ACPR) mandates that insurance entities planning to exercise activities via freedom of establishment or freedom to provide services in another EEA State must submit specific documentation detailing their organizational structure, governance, and business plans. The instruction distinguishes between requirements for establishing a branch, which includes detailed operational forecasts and internal control descriptions, and those for cross-border service provision, which focuses on local involvement and complaint handling mechanisms. This document supersedes previous instructions and establishes the electronic submission protocol for these regulatory notifications.
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