Regulatory Alerts2023-12-01
Implementation of EIOPA Guidelines under Directive 2009/138/EC and Regulation (EU) No 2015/35
The French Prudential Supervision and Resolution Authority (ACPR) confirms its full compliance with a comprehensive list of European Insurance and Occupational Pensions Authority (EIOPA) guidelines covering Solvency II technical provisions, capital requirements, and governance. The ACPR also declares partial compliance with guidelines regarding the operational functioning of supervisory colleges, specifically noting a deviation in the timing of capital requirement notifications to third-country authorities. These guidelines are applicable to insurance and reinsurance undertakings, which must implement all necessary measures to ensure adherence as mandated by Regulation (EU) No 1094/2010.
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