Regulatory Alerts2013-05-28
Instruction No. 2013-I-06 of May 28, 2013 amending Instruction No. 2011-I-14 of September 29, 2011 on the monitoring of risks on housing loans in France
The Prudential Control Authority issued Instruction No. 2013-I-06 to amend the regulatory framework for monitoring risks associated with housing loans in France. The amendment excludes loans granted to real estate holding companies (SCI) from the scope, updates the data submission code from CREDIT_HABITAT to CREDITHAB, and mandates monthly XBRL reporting. These changes entered into force on March 1, 2014, requiring institutions to submit data for January and February 2014 with their first transmission.
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