Regulatory Alerts2016-01-14
Instruction No. 2016-I-01 of January 14, 2016 Determining Thresholds for Quarterly Information Submission for Subject Entities, Amended by Instruction No. 2019-I-03 of March 15, 2019 (Consolidated Version)
The Prudential Control and Resolution Authority issues consolidated instructions establishing balance sheet thresholds that determine which insurance and reinsurance entities must submit quarterly quantitative reports. The document specifies distinct threshold amounts based on the type of insurance branches and whether the entity operates individually or as part of a group, with transitional provisions for the year 2016. Entities exceeding these thresholds for three consecutive financial years are required to submit reports, while those falling below the thresholds for three consecutive years are exempted from future submissions.
Share