Regulatory Alerts2022-07-13
Instruction No. 2022-I-14 of July 13, 2022, on information to be transmitted to the ACPR by land credit companies and housing finance companies regarding emission program authorization
The Autorité de contrôle prudentiel et de résolution (ACPR) issued Instruction No. 2022-I-14 to establish the specific information requirements that land credit companies and housing finance companies must submit to obtain authorization for their bond emission programs. The regulation mandates the submission of contractual documentation, activity descriptions, investor protection policies, staff qualifications, and administrative frameworks, while also requiring immediate written notification of any substantial modifications to these elements. These provisions apply to new programs and existing ones, excluding only those where bonds were issued prior to the instruction's effective date and have not yet matured.
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