Regulatory Alerts2021-12-06
Instruction No. 2021-I-16 of December 6, 2021, on Monitoring the Threshold for Establishing an Intermediate Parent Company for Third-Country Groups in the Union (Consolidated Version)
The French Prudential Supervision and Resolution Authority (ACPR) mandates that French entities within third-country groups without an intermediate parent must conduct annual prospective monitoring of their total Union asset values. If monitoring indicates that the legal threshold for establishing an intermediate parent company will be breached over four consecutive quarters, these entities must promptly notify the ACPR with detailed asset projections and strategic plans. This consolidated instruction, effective July 1, 2025, ensures that intermediate parent companies can become operational immediately upon threshold breach to satisfy prudential supervision requirements.
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