Regulatory Alerts2024-12-17
Instruction No. 2024-I-16 of 17 December 2024 on the withdrawal of approval, authorization or registration of financing companies, third-party financing companies, investment firms, payment institutions, account information service providers, electronic money institutions, credit managers or token issuers referring to one or more assets
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2024-I-16 to standardize the procedures for the withdrawal of approvals, authorizations, or registrations for various financial entities including financing companies, investment firms, and crypto-asset service providers. The instruction mandates that these entities complete and submit a specific electronic form via the ACPR portal to request the withdrawal of their status. This document replaces Instructions No. 2024-I-05 and No. 2024-I-09 by correcting material errors and enters into force on 20 January 2025.
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