Regulatory Alerts2007-03-26
Instruction No. 2007-03 of March 26, 2007 Amending Several Instructions Following the Adoption of the Decree of February 20, 2007 on Capital Requirements for Credit Institutions and Investment Firms
The French Banking Commission issued Instruction No. 2007-03 to align numerous existing regulatory instructions with the new capital requirements decree of February 20, 2007. The directive mandates that credit institutions and investment firms update their reporting formats, specifically replacing references to older regulations with the new decree's titles and articles. It also establishes transitional provisions for the 2007 reporting year and sets the final abolition date for several outdated instructions to January 1, 2010.
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