Regulatory Alerts2023-12-18
Notice on the Application of the Guideline on Capital Adequacy Requirements for Self-Regulatory Organizations 2023
The Autorité des marchés financiers (AMF) issued this notice to clarify and adjust its 2023 Guideline on Capital Adequacy Requirements for self-regulatory organizations. It establishes precise calculation methods for unexpired coverage and premiums across insurance and reinsurance contracts, specifically addressing captive fronting arrangements, unamortized acquisition cash flows, and reinsurance commissions. These targeted updates ensure that minimum capital requirements are computed consistently with IFRS 17 accounting standards and align with regulatory expectations.
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