Regulatory Alerts2019-12-19
Instruction No. 2019-I-29 of December 19, 2019 amending Instruction No. 2018-I-11 of July 11, 2018 regarding prudential documents to be communicated annually by additional professional retirement schemes
The Prudential Control and Resolution Authority issued Instruction No. 2019-I-29 to amend the annual prudential reporting requirements for additional professional retirement schemes. The directive specifically repeals the third paragraph of Section III of Article 5 of the previous Instruction No. 2018-I-11. This amended instruction applies to the financial years of these schemes closing on or after December 31, 2019.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2019-I-29 amending Instruction No. 2018-I-11 of July 11, 2018 regarding prudential documents to be communicated annually by additional professional retirement schemes
The Prudential Control and Resolution Authority, Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to the Insurance Code, in particular Articles L. 381-1, L. 385-6, R. 355-6 and R. 385-17; Having regard to the Mutual Code, in particular Articles L. 214-1, L. 214-12 and R. 214-5; Having regard to the Social Security Code, in particular Articles L. 942-1, L. 942-11 and R. 942-5; Having regard to the Order of December 21, 2018 published in the Official Journal of the French Republic No. 0299 of December 27, 2018; Having regard to the opinion of the Consultative Commission on Prudential Affairs dated November 25, 2019, DECIDES
Article 1: The third paragraph of Section III of Article 5 is repealed.
Article 2: This instruction applies to additional professional retirement schemes with respect to financial years closing on or after December 31, 2019.
Paris, December 19, 2019
For the Insurance Sectoral Sub-College The President, [Bernard DELAS]