Regulatory Alerts2018-07-11
Instruction No. 2018-I-09 of July 11, 2018, repealing Instruction No. 2017-I-08 regarding nomination forms for effective managers or key function holders in insurance and supplementary pension organizations
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2018-I-09 to repeal Instruction No. 2017-I-08 and establish updated nomination procedures for effective managers and key function holders. The instruction mandates that covered insurance and supplementary pension entities declare all appointments or renewals using specific electronic forms available on the ACPR portal. These new requirements apply to entities subject to Solvency II and related regulations, replacing previous nomination instructions effective from the portal's launch date.
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