Regulatory Alerts2023-10-12
Instruction No. 2023-I-14 of October 12, 2023, repealing and replacing Instruction No. 2016-I-04 of January 14, 2016, regarding information to be communicated for financial stability purposes (Insurance Sector)
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2023-I-14 to update the reporting requirements for insurance groups and solo entities regarding financial stability information. The instruction establishes specific asset thresholds (13 billion euros for entry, 11-12 billion euros for exit) to determine which Solvency II entities are subject to these reporting obligations. It mandates the submission of quarterly and semi-annual data using specific EIOPA models, ensuring data accuracy and alignment with regular prudential reporting.
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