Regulatory Alerts2022-03-09
Instruction No. 2022-I-05 of March 9, 2022, regarding information to be transmitted to the ACPR by land credit companies and housing finance companies for European Guaranteed Bond labels (repealed)
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2022-I-05 to mandate specific information submissions from land credit companies and housing finance companies seeking European Guaranteed Bond (EGB) or Senior European Guaranteed Bond (SEG B) labels. The regulation requires these institutions to provide emission program details, agreed-upon procedures reports from specific controllers, and legal opinions to the ACPR for label approval and ongoing compliance. Furthermore, it imposes quarterly reporting obligations for issued instruments and mandates the immediate notification of any events that could jeopardize label eligibility.
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