Regulatory Alerts2016-01-14
Instruction No. 2016-I-03 of January 14, 2016 defining the conditions for exemption from reporting external ratings information in detailed statements on investments and derivatives
The Prudential Control and Resolution Authority issued Instruction No. 2016-I-03 to establish exemption criteria for submitting external ratings data in detailed investment and derivative reports. The instruction specifies that individual entities and parent companies must report this information only if their total balance sheet exceeds specific thresholds and they have direct access to the data without outsourcing investment management. These requirements apply to entities subject to Solvency II and govern reporting on annual, quarterly, and financial stability bases.
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