Regulatory Alerts2018-10-25
Instruction No. 2018-I-19 of October 25, 2018, repealing Instructions No. 2015-I-02 and 2017-I-10 regarding the nomination or renewal form for executives of insurance sector entities
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2018-I-19 to repeal previous instructions and establish a new electronic declaration process for the appointment or renewal of senior executives in insurance entities. The instruction mandates that covered companies submit a specific form via the ACPR's online portal to declare changes in leadership roles such as board members, general managers, and equivalent positions. This directive entered into force upon the opening of the designated submission portal, simultaneously invalidating Instructions No. 2015-I-02 and 2017-I-10.
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