Regulatory Alerts2015-05-29
Instruction No. 2015-I-03 of May 29, 2015 on the forms for the appointment or renewal of effective managers or key function holders of insurance sector entities and amending Instruction No. 2015-I-02 (repealed)
The Prudential Control and Resolution Authority (ACPR) mandates that Solvency II insurance entities submit newly prescribed forms to report any appointment or renewal of effective managers and key function holders. The instruction permits transitional notifications for individuals assuming roles on or after January 1, 2016, while explicitly excluding group-level appointments from this flexibility and repealing the prior Instruction No. 2015-I-02 effective that same date. This directive enters into force immediately upon publication to align regulatory oversight with the updated French financial and insurance codes.
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