Regulatory Alerts2019-03-04
Instruction No. 2019-I-02 of March 4, 2019 repealing several instructions
The Prudential Control and Resolution Authority issued Instruction No. 2019-I-02 to formally repeal four specific regulatory instructions. The repealed documents include guidelines on financial collateral authorization dossiers, supplementary investment reporting tables, internal models for capital requirement calculations, and client protection questionnaires. This repeal takes effect on the date of the instruction's publication.
PRUDENTIAL CONTROL AND RESOLUTION AUTHORITY
Instruction No. 2019-I-02 repealing several instructions
The Prudential Control and Resolution Authority, Having regard to Directive 2009/138/EC of the European Parliament and of the Council of 25 November 2009 on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II); Having regard to Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and amending Regulation (EU) No 648/2012; Having regard to the Monetary and Financial Code, in particular Articles L. 612-2 and L. 612-24; Having regard to Instruction No. 2017-I-21 dated December 1, 2017, regarding the questionnaire on commercial practices and client protection; Having regard to the opinion of the Prudential Affairs Consultative Committee dated February 20, 2019.
DECIDES
Article 1: The following instructions are repealed:
- Instruction No. 2010-I-07 dated December 13, 2010, regarding the authorization application file for the consideration of the effects of financial collateral in the approach referred to in III of Article 5 of Regulation No. 93-05 relating to the control of large exposures;
- Instruction No. 2011-I-02 dated January 11, 2011, creating the supplementary table to the investment statements, as amended by Instruction No. 2014-I-03 dated March 3, 2014;
- Instruction No. 2011-I-10 dated June 15, 2011, regarding the monitoring of internal models used for the calculation of capital requirements;
- Instruction No. 2012-I-07 dated December 13, 2012, regarding the questionnaire on the application of rules designed to ensure client protection.
Article 2: This instruction shall apply from the date of its publication.
Paris, March 4, 2019
The President, [François VILLEROY de GALHAU]