Regulatory Alerts2017-06-26
Instruction No. 2017-I-13 of June 26, 2017 amending Instruction No. 2015-I-19 on the electronic signature of documents transmitted to the ACPR (Banking Sector)
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2017-I-13 to update the requirements for the electronic signature of documents transmitted to the authority in the banking sector. The instruction mandates that electronic certificates used for signing must comply with the EU eIDAS regulation or specific French standards depending on their issuance date, effectively replacing previous certification frameworks. It also establishes strict declaration procedures for authorized signatories and allows for signature delegation within banking groups while maintaining ultimate responsibility with effective management.
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