Regulatory Alerts2024-12-17
Instruction No. 2024-I-18 of 17 December 2024 on Prudential Discounts for Credit Buyers Replacing Instruction No. 2024-I-06
The Autorité de Contrôle Prudentiel et de Résolution (ACPR) issued Instruction No. 2024-I-18 to replace previous prudential discount rules, specifically targeting credit buyers and their French representatives. The instruction mandates that these entities submit a specific CESSION report to the ACPR using Excel format via email, with a submission deadline of 25 calendar days for semi-annual collections and quarterly requests. This regulatory framework, which applies national accounting standards, enters into force on 1 January 2025 to enhance supervision of credit transfers, particularly during crises.
Share