Regulatory Alerts2015-12-01
Instruction No. 2015-I-25 of December 1, 2015 repealing Instruction No. 2005-04 on the supplementary supervision of financial conglomerates
The Prudential Supervision and Resolution Authority issued Instruction No. 2015-I-25 to formally repeal Instruction No. 2005-04 regarding the supplementary supervision of financial conglomerates. This regulatory change aligns national oversight with the prudential requirements established by EU Regulation No. 575/2013 and the November 2014 decree on financial conglomerates. The repeal becomes effective immediately upon the publication of the instruction.
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