Regulatory Alerts2021-10-15
Instruction No. 2021-I-13 of October 15, 2021 amending Instruction No. 2018-I-11 of July 11, 2018 on prudential documents to be communicated annually by supplementary professional pension schemes
The Autorité de contrôle prudentiel et de résolution (ACPR) issued this instruction to amend the annual prudential reporting requirements for supplementary professional pension schemes. The amendment introduces a new reporting template, RC.30.01, specifically for the valuation of real estate assets, aligning with recent decrees on asset evaluation. The changes apply to collections due for periods ending on or after December 31, 2021, with XBRL formatting required for periods ending on or after December 31, 2022.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2021-I-13 amending Instruction No. 2018-I-11 of July 11, 2018 on prudential documents to be communicated annually by supplementary professional pension schemes
The Prudential Control and Resolution Authority (ACPR), Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to Directive 91/674/EEC of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings; Having regard to Decree No. 2021-1248 of 28 September 2021 on the valuation of real estate assets of insurance companies, mutuals, provident institutions and supplementary professional pension schemes; Having regard to the Insurance Code, in particular Article R. 343-11; Having regard to the Mutual Code, in particular Article R. 212-11; Having regard to the Social Security Code, in particular Article R. 931-11-1; Having regard to Instruction No. 2018-I-11 of July 11, 2018 on prudential documents to be communicated annually by supplementary professional pension schemes; Having regard to the opinion of the Prudential Affairs Consultative Commission of 23 June 2021,
DECIDES
Article 1: Article 2 of the aforementioned instruction is hereby amended as follows: At the end of Article 2, the following paragraph is added:
« RC.30.01 - Valuation of real estate assets »
Article 2: Article 1 of this instruction applies in electronic format for collections due for financial years and quarters ending on or after 31 December 2021, and in XBRL format for collections due for financial years and quarters ending on or after 31 December 2022.
Article 3: Annex A of the aforementioned instruction is replaced by Annex A of this instruction.
Article 4: This instruction shall enter into force the day following its publication in the Official Register of the Prudential Control and Resolution Authority.
Done in Paris, on 15 October 2021
For the Insurance Sectoral Sub-College The Vice-President, [Jean-Paul FAUGÈRE]