Regulatory Alerts2008-01-10
Instruction No. 2008-01 of January 10, 2008 Amending Instruction No. 2007-02 of March 26, 2007 on Capital Requirements for Credit Institutions and Investment Firms
The Banking Commission issued Instruction No. 2008-01 to amend the capital requirements framework for credit institutions and investment firms. The amendment exempts establishments belonging to groups supervised on a consolidated basis within the European Economic Area by another competent authority from submitting specific annexed statements, provided they supply equivalent data in a format approved by the Commission. This measure facilitates regulatory compliance by allowing alternative reporting methods that verify adherence to French capital adequacy standards.
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