Regulatory Alerts2019-03-15
Instruction No. 2019-I-06 of March 15, 2019, regarding prior information to the ACPR in case of outsourcing of important or critical activities or functions and significant changes thereto, as amended by Instruction No. 2024-I-11 of October 21, 2024
The Autorité de Contrôle Prudentiel et de Résolution (ACPR) mandates that insurance, reinsurance, mutual, and pension entities must notify the regulator before outsourcing important or critical functions. This notification must be submitted using the prescribed form at least six weeks prior to the outsourcing taking effect, with a possible reduction to four weeks in exceptional cases. The instruction, originally issued in March 2019 and amended in October 2024, establishes the legal framework for these prior information requirements under various French codes.
Share